The responsibility of Guarantor In business documents with emphasis on judicial procedure

Today, the increasing development of domestic and international trade and the necessity of convenience in trade and the role that circulation of capital and trade have on political and economic destiny of countries, have prompted the governments to develop rules and regulations in trade relations to provide security for businessmen. Since in all transactions and dealing the possibility of cash payment is less, and businessmen that proceed to heavy trading with large digits are not able to pay the price in cash and if they want to pay it in cash, they have to face the risk of loss or robbery of money and they must incurred costs. Therefore, for their own advantage instead of paying in cash, they attempted to issue these documents and provide it to their creditors and also the creditors can endorse these documents and transferred it to their creditors, and if they need cash, they can discounted the mentioned documents or put it at their expiration. However, the credit of these documents goes to legislator and the formulation of provisions whereby the privileges to facilitate the payment and receipt of amounts in the document is set and prescribed. Guarantee payment in commercial documents insure to its holder that ultimately they would receive all documents payments as well as expenses that they incurred when collect the documents. In this situation the warranty of business documents and liability of the guarantor and also the general conditions, substantive conditions and business documents guarantee has been paid whit library method. Although justice has not been served as it is worthy, however, the intellectuals of this science can add to the richness of this content by criticism it.