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"Cet ouvrage a pour objectif de permettre à tous de « fréquenter » le droit international privé et de ne plus voir en lui un spectre mais plutôt, comme nous le considérons, une matière passionnante. Sans jamais tomber dans la vulgarisation, nous avons essayé de présenter les concepts et les principes sous forme simple, parfois grâce à des schémas, afin de les rendre le plus accessibles possible. Nous nous sommes attardées à la façon dont le droit international privé fonctionne, plus qu'à son application dans des domaines spécifiques. Nous proposons au lecteur une boîte à outils grâce à laquelle, une fois les éléments maîtrisés, il devient moins ardu de déployer le raisonnement au service de tel ou tel problème."-- Site web de l'éditeur
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The law of abstract payment undertakings fashions a rule that the undertakings are, as their name implies, independent of the transactions out of which they arise. That independence principle admits of an important exception if the beneficiary of the undertaking fraudulently seeks payment when he has no colourable right to payment. The parameters of the fraud exception to the abstraction principle are of necessity imprecise. Although courts have developed a number of limits to the exception, some courts, unaware perhaps of the danger they pose to the commercial efficacy of these undertakings, sometimes engage in wide-ranging fraud inquiry. This article contends that courts must limit the inquiry. The article illustrates the problem with analysis of three cases, one each from Australia, Canada and the United States. [PUBLICATION ABSTRACT]
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TERMINOLOGY AND LEGAL FRAMEWORK Three categories of international rules may govern letters of credit: * The Uniform Customs and Practice for Documentary Credit, 2007 Revision, ICC Publication 600 (UCP), which were prepared by the International Chamber of Commerce; * The International Standby Practices ISP98, 1998, ICC Publication 590 (ISP98), which were prepared by experts in the United States and subsequently endorsed by the International Chamber of Commerce; * The Uniform Rules for Demand Guarantees, 2010 Revision, ICC Publication 758 (URDG), which were prepared by the International Chamber of Commerce. By contrast, a standby letter of credit is generally an undertaking to pay the purpose (but not the legal nature) of which is similar to a guarantee:2 for example, the issuing bank will undertake to make a payment to the beneficiary upon presentation of a demand by the beneficiary stating that the applicant is in default to perform its obligations under a certain contract. [...]letters of credit are frequently used in purely domestic transactions. The leading Canadian case in the area of letters of credit is the Supreme Court of Canada decision in Bank of Nova Scotia v. Angelica-Whitewear Ltd. and Angelica Corporation3 (AngelicaWhitewear).
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Disclaimer: This summary was generated by AI based on the content of the source document.
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An article from McGill Law Journal / Revue de droit de McGill, on Érudit.
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Disclaimer: This summary was generated by AI based on the content of the source document.
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This article examines “undefined” terms (art. 1512 CCQ), an oft-neglected topic in contract law. By leveraging judicial precedent concerning its application, the article identifies conditions for its application and proposes a structured analysis to help courts fix an appropriate term. The proposed analysis will also help to distinguish undefined terms from uncertain terms (art. 1510 CCQ), in the hopes of helping put an end to uncertainties.
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« Cette nouvelle édition représente une continuité du travail commencé avec les éditions précédentes. Elle subit cependant d'importantes modifications par rapport à celle qui la précédait, et ce en raison d'une restructuration des textes qui tiennent compte des nouveaux développements concernant des sujets d'actualité et qui reviennent souvent devant les tribunaux. Les juristes peuvent facilement constater que le nombre de pages, de paragraphes et de références a considérablement augmenté. Ces modifications sont dues non seulement à l'intégration de nouveaux jugements, mais aussi à certaines critiques et aux idées exprimées. Cet ouvrage regroupe donc dans le même chapitre les diverses interprétations et applications que la jurisprudence et la doctrine donnent à chacune des dispositions législatives en matière des obligations. Ce faisant, l'ouvrage établit un lien entre le droit substantiel et le droit procédural ce qui permet aux praticiens d'y trouver ce dont ils ont besoin pour non seulement monter leurs dossiers, mais aussi d'être bien averti de toutes les problématiques pouvant surgir quant à l'interprétation et l'application des dispositions en question. Il offre une facilité d'accès aux règles permettant aux praticiens de trouver aussi des conseils aidant à s'orienter vers une solution appropriée. Enfin, il établit une connexité entre le droit des obligations et des règles applicables, notamment en matière de contrats, de suretés, de droit commercial, de droit du travail et de droit matrimonial. »-- Site Web de l'éditeur
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