Is the disbursement of the performance guarantee value warranted if the execution of the commercial undertaking is proven, or if there is a legitimate justification for its non-completion?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The disbursement of the performance guarantee value for a commercial undertaking is not warranted if the party obligated by the guarantee proves that it has executed the work fully or partially, or provides a legitimate justification for its non-completion, and the party claiming the guarantee is unable to refute this...
Legal References & Citations
الدائرة التجارية العاشرة: أمر الشراء المقدم من المدعية قد نص في أن الضمان لا يصرف إلا بعد اعتماد العينات.
Share this answer:
About Radiif
Radiif is an AI legal platform specialized in Saudi Arabian law, providing answers verified by legal references and articles.
This answer is for general legal education and is not legal advice. Please consult a licensed attorney for your specific case.
Page Stats
Do you have specific details about your case?
Ask Radiif AI Legal Assistant now and get verified answers with exact citations from Saudi law.
Do you want to consult a certified lawyer for this case?
We can suggest a list of certified lawyers with extensive expertise specifically in this domain.