Statute of Frauds 1677: Fundamental legislation requiring guarantees to be made in writing and signed to be legally enforceable
Contracts (Rights of Third Parties) Act 1999: Governs how third parties may enforce terms of a contract, relevant for multi-party guarantee arrangements
Unfair Contract Terms Act 1977: Controls the use of exclusion and limitation clauses in contracts, including guarantees
Consumer Rights Act 2015: Provides protection for consumers in contracts; applicable if the guarantee involves B2C transactions
Common Law Contract Formation: Legal principles governing offer, acceptance, consideration, and intention to create legal relations
Doctrine of Consideration: Legal principle requiring something of value to be exchanged for the guarantee to be binding
Primary and Secondary Obligations: Legal principles distinguishing between the primary debtor's obligations and the guarantor's secondary obligations
Financial Services and Markets Act 2000: Regulatory framework for financial institutions providing guarantees
FCA Regulations: Financial Conduct Authority rules governing financial institutions and their guarantee activities
Anti-Money Laundering Regulations: Requirements for identity verification and transaction monitoring in financial guarantees
UN Convention on Independent Guarantees: International framework for independent guarantees and standby letters of credit
ICC Uniform Rules for Demand Guarantees: International Chamber of Commerce rules providing standardized practices for demand guarantees
Companies Act 2006: Legislative framework governing corporate capacity and authority to issue guarantees
Corporate Benefit Requirements: Legal principle requiring guarantees to be for the benefit of the guarantor company
Directors' Duties: Legal obligations of directors when authorizing company guarantees under English company law
