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The Principles Of European Contract Law 1998, Parts I and II - (Parts I and II completed and revised)
European Union
copy @ Lex Mercatoria
If the intermediary becomes insolvent, or if it commits a fundamental non-performance towards the principal, or if prior to the time for performance it is clear that there will be a fundamental non-performance:
(a) on the principal's demand, the intermediary shall communicate the name and address of the third party to the principal; and
(b) the principal may exercise against the third party the rights acquired on the principal's behalf by the intermediary, subject to any defences which the third party may set up against the intermediary.
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