Source: http://www.cliveowen.net/what-is-bail/
Timestamp: 2019-07-20 16:25:59
Document Index: 677122282

Matched Legal Cases: ['art. 2015', 'art. 2013', 'art. 2012', 'art. 2043', 'art. 2043', '§2', 'art. 2043', '§1', '§2', 'art. 2012', 'art. 2026']

American bail bonds- Cliveowen.Net Uncategorized What is Bail
Consensual : The bail arises from the mere consent of the parties. To protect the deposit to some extent, the guarantee must have been explicitly entered into; bail is not suspected and can therefore not be tacitly entered (art. 2015 BW).
Unilateral : The guarantor is the only party to the bail and undertakes the commitment.
Additional : The guarantee is always linked to what the principal debtor owes the creditor. This implies that the bail cannot be entered into for more than what the principal debtor owes, nor under more burdensome conditions. If this is the case, the guarantee can be reduced to what is included in the main commitment (art. 2013 Dutch Civil Code). The guarantee can also only exist for a valid main commitment (Article 2012, paragraph 1 of the Dutch Civil Code). Nevertheless, a relatively void undertaking can be guaranteed, being an undertaking that could be annulled by an objection that only concerns the person personally, for example in the case of a minor (art. 2012 paragraph 2 BW).
For free : The bail was initially a contract that was entered into ‘for free’. Nowadays, however, more and more is being asked for a consideration in exchange for a guarantee. For example, guarantee agreements (such as a bank guarantee) mainly apply to credit agreements and always against payment. So there is talk of the bail becoming more businesslike. In the context of guarantees, there are also mechanisms that have a certain form of independence (such as, for example, a ‘guarantee (on first request)’, whereby the additional nature of the guarantee disappears.
The free bail is the act by which a natural person insures a principal debt free of charge in favor of a creditor. The free nature of the guarantee refers to the absence of any economic advantage, either directly or indirectly, that the guarantor can enjoy thanks to the guarantee (art. 2043bis) BW. The classic example of a free bail is that of parents who voluntarily stand surety for their children. The manager of a company that acts as a guarantor for a debt of his company is not free of charge.
In the case of a bail free of charge, this bail shall be void if a bail has been concluded, the amount of which is apparently disproportionate to the repayment possibilities of the guarantor, whereby this possibility must be assessed in the light of movable and immovable property and income of the latter (art. 2043sexies §2 BW). The amount for which you are required to act as guarantor must therefore be proportionate to the person’s repayment options.
The free bail must also be the subject of a written agreement that differs from the main agreement (art. 2043quinquies §1 BW). The duration of the principal obligation must be specified in the guarantee agreement, and in the case of a guarantee for a principal obligation concluded for an indefinite period, the duration of the guarantee agreement may not exceed five years (Article 2043quinquies §2 BW).
The privilege of enforcement : On the basis of this privilege, the guarantor can oblige the creditor to first seize the property of the principal debtor before seizing the property of the guarantor; the guarantor demanding the enforcement must then indicate to the creditor the assets of the debtor that can be seized (art. 2012-2023 BW)
The privilege of splitting debts : In case there are several guarantors, each guarantor can claim that the creditor divides his claim and reduces it to the share of each guarantor (art. 2026 BW)
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