Legal Question in Credit and Debt Law in India

I would have to buy a product from textile manufacturer. The manufacturer needs to make dedicated investment to produce the product, so he is asking for guarantee that I will buy the product at the agreed price. We have verified the samples which are good.

Given this can I consider issuing a post dated cheque to him? Wht will be my options incase there are issues in production? If no cheque wht are the other options?


Asked on 5/18/11, 11:07 pm

1 Answer from Attorneys

Bank Gurantee would be another oprtion.

Regards

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Answered on 5/19/11, 5:49 am


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