Basic concept of cross-liability or cross-collateralisation in Commercial contract

Law web/ Oktober 2, 2020/ Indian Law

The very concept of cross-liability or cross-collateralisation, as applicable to commercial contracts, predicates reciprocity of security and commonality of the parties to the contract. This is, even etymologically, apparent, as "cross-collateralisation" necessarily requires the same collateral being available, as security against more than one loan. "Cross-collateralisation", as a concept known
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