Liability of check guarantor in Iran and France

Zeinab Sabet Birjandi¹ Seyed Hossein Sadat Hosseini²

1) Master of Law private orientation, Islamic Azad University, Damghan,
2) PhD in private law, Islamic Azad University, Damghan, Iran

IOI Code : XYAC-ZCADG
Publication : 3rd.International Conference on Modern Research’s in Management,Economics & Accounting(3meaconf.com)
Abstract :
    trade papers used among merchants, ordinary people and non-businessmen are papers that indicate an amount with specific due date and have certain privileges and particular rules, which among other papers, check is considered as a most simple and most popular paper. this paper give right its holder to collect contained amount in check from obligor just in the due date and in case of no payment, the amount would be collected from payment authorities of trade paper. since the emergence of trade among various nations , there was need of credit payment instrument without money transfer, which provided possibility of undertaking commercial commitments amid businessmen residing in remote. however definitely broad use of papers started along with development of international commercial, after Crusade and since twelfth century afterward . eventually first in UK and in France second , unprecedented development of credit and financial institutions named bank established a kind of bill known check. actually, an increase in demand deposits of banks, which had a lot of advantages for them, was depend on rapid withdrawal from personal accounts, with no tax payment. in a suitable instrument such as check, this firstly caused drawee to be purely a financial institution and secondly its drawing not to be required of cancellation of tax stamp.

Keywords : warranty liability partnership shared responsibility