Draft Common Frame of Reference:IV. G. — 3:102 Notification to debtor by security provider

Draft Common Frame of Reference

IV. G. — 3:102 Notification to debtor by security provider

Geldend

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

(1)

The security provider is required:

(a)

to notify the debtor immediately if a demand for performance is received and to state whether or not, in the view of the security provider, performance falls to be made;

(b)

to notify the debtor immediately if performance has been made in accordance with a demand; and

(c)

to notify the debtor immediately if performance has been refused notwithstanding a demand and to state the reasons for the refusal.

(2)

If the security provider fails to comply with the requirements in paragraph (1) the security provider's rights against the debtor under IV. G. — 3:109 (Security provider's rights after performance) are reduced by the extent necessary to prevent loss to the debtor as a result of such failure.

Deze functie is alleen te gebruiken als je bent ingelogd.