Standard Chartered Team Lead Interview Questions, Process, and Tips

A guarantee is a promise or assurance that something will happen or be done. There are two types of guarantees: express and implied.

• A guarantee is a form of assurance that a product or service will meet certain standards.

• Express guarantees are explicitly stated, such as a warranty or money-back guarantee.

• Implied guarantees are not explicitly stated but are assumed to exist, such as the guarantee of merchantability or f...read more

Documents required for issuing guarantees

• Application form

• Copy of contract/agreement

• Proof of identity/address

• Financial statements

• Collateral documents

• Power of attorney (if applicable)

SBLC is a financial instrument used for international trade transactions, while guarantees are used for domestic transactions.

• SBLC stands for Standby Letter of Credit

• It is a guarantee issued by a bank on behalf of a client to ensure payment to a third party in case of default

• SBLC is commonly used in international trade transactions

• Guarantees are similar to SBLCs but are used for domestic transactions

• Guarantees are issu...read more

The 9th Amendment guarantees rights not explicitly listed in the Constitution.

• The 9th Amendment is part of the Bill of Rights.

• It protects rights that are not specifically mentioned in the Constitution.

• Examples of rights protected by the 9th Amendment include the right to privacy and the right to marry.

• The 9th Amendment is often cited in cases involving reproductive rights and LGBTQ+ rights.