Performance bond

Related decisions

• RESURRECTION POWER INVESTMENT LTD V. UNION BANK OF NIGERIA ( (2016)→

  Court

  Court of Appeal (Enugu Division)

  Judgment date

  16 December 2016

  A detailed summary of the case Resurrection Power Investment Ltd v. Union Bank of Nigeria, exploring court decisions related to banking law, contracts, and the

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  15

  • Documentary credits→
  • Winding-up petition→
  • bank obligations to honour guarantee→
  • bona fide dispute of debt→
  • companies and allied matters act, sections 408(d) and 409(a)→
  • company insolvency→
  • fraud exception to bank guarantee→
  • interpretation of contract documents→

• TSOKWA OIL & MARKETING CO. NIG. LTD. VS. BANK OF THE NORTH (2002)→

  Court

  Supreme Court of Nigeria

  Judgment date

  17 May 2002

  Summary of Supreme Court ruling on Tsokwa Oil & Marketing Co. Nig. Ltd. vs. Bank of the North, addressing key legal issues surrounding breach of contract and on

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  15

  • Additional grounds of appeal→
  • Breach of contract→
  • Burden of proof→
  • Condition precedent→
  • Consensus ad idem→
  • Court of Appeal Rules→
  • Offer and acceptance→
  • Preliminary objection→

• AFRICAN DEVELOPMENT INSURANCE CO. LTD. V. NIGERIA LNG LTD. ( (2000)→

  Court

  Supreme Court of Nigeria

  Judgment date

  11 February 2000

  Summary of the Supreme Court case African Development Insurance Co. Ltd. v. Nigeria LNG Ltd. (2000), exploring arbitration and performance bond issues.

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  11

  • Arbitration agreement→
  • Guarantor liability→
  • Privity of contract→
  • arbitration and conciliation act 1988, section 5(1)→
  • guarantee and suretyship→
  • on-demand bond→
  • performance bond→
  • right of action against guarantor→