lapsing bond clauses

L22. Purchasers Manipulating Deals

1. Lapsing or Manipulating Bond Grants When buyers want to get out of deals, they sometimes go to their banks to encourage them to withdraw their loans. This happens mainly when their transfers are being delayed for any reason. Usually, they are aware that they are committing a serious breach of contract if they deliberately do this, so they use more clandestine ways of hiding their intentions. They...

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