Vietnam: How trực tiếp bóng đá k+ distinguish deposit, security collateral, escrow deposit

Criteria

Deposit

Security collateral

Escrow deposit

Definition

Deposit is an act whereby one party transfers trực tiếp bóng đá k+ another party a sum of money or precious metals, gemstones or other valuable thingsfor a period of time as security for the entering into or performance of a contract.

Security collateral is an act wherebya lessee of a movable propertytransfers a sum of money or precious metals, gems or other valuable things trực tiếp bóng đá k+ the lessor for a specified time limittrực tiếp bóng đá k+ secure the return of the leased property.

Escrow deposit is an act whereby an obligor deposits a sum of money, precious metals, gems or valuable papers into an escrow account at a credit institution trực tiếp bóng đá k+secure the performance of an obligation.

Purpose

trực tiếp bóng đá k+ serve as security for the entering into or performance of a contract.

trực tiếp bóng đá k+ secure the return of the leased property.

trực tiếp bóng đá k+ secure the performance of an obligation.

Security property

Sum of money or precious metals, gemstones or other valuable things

sum of money or precious metals, gems or other valuable things

Sum of money, precious metals, gems orvaluable papers

Involved parties

- Deposit party

- The party receiving the deposit

- The leesee or 3rd party.

- The leeser

- Escrow party

- Credit institutions receive Escrow deposit 

- The competent party

Legal consequences

- Upon a contract being entered into or performed, any deposited property shall be returned trực tiếp bóng đá k+ the depositor, or deducted from the amount of an obligation trực tiếp bóng đá k+ pay money.

- If the depositor refuses trực tiếp bóng đá k+ enter into or perform the contract, the deposited property shall belong trực tiếp bóng đá k+ the depositary.

- If the depositary refuses trực tiếp bóng đá k+ enter into or perform the contract, it must return the deposited property and pay an amount equivalent trực tiếp bóng đá k+ the value of the deposited property trực tiếp bóng đá k+ the depositor, unless otherwise agreed.

- In cases where the leased property is returned, the lessee shall be entitled trực tiếp bóng đá k+ reclaim the security collateral property after pay the rental;

- If the lessee does not return the leased property, the lessor shall be entitled trực tiếp bóng đá k+ reclaim the leased property; if the leased property is no longer available for the return, the security collateral property shall belong trực tiếp bóng đá k+ the lessor.

In cases where the obligor has failed trực tiếp bóng đá k+ perform or has improperly performed an obligation, the obligee shall be entitled trực tiếp bóng đá k+ receive payment and compensation for damage caused by the obligor from the bank where the escrow deposit is affected, after deducting the bank service charges.

Legal basis

Article 330 oftrực tiếp bóng đá