A General Guarantee Of The Rights Of The Guarantor

In modern economic activities, guarantee system helps to promote financial transactions and ensure the security of transactions. However, due to the often single-service, free of charge and other features, while guarantor undertake more obligations in this system they have very little rights. In reality, because of debtors’ poor management; bad credit and action of avoiding creditor becoming a common occurrence, after taken responsibility guarantor’s rights always falls apart. We ought to find ways to protect their rights while balancing every part in this system and protect and promote this system.This article concludes five chapters apart of introduction and peroration:Chapter One:Illustration of guarantor’s right of general guarantee. This chapter illustrated guarantor’s right, offered a simple analysis of its characteristics, and also tried to find their legal basis. Then by following its historical development, this chapter showed the necessity of protecting guarantor’s legal rights.Chapter Two and Three divide guarantor’s right base on different subject, with the comparison of law in different countries or district; analysis of cases and its legal basis, this chapter shows the imperfection of our law. With the same logic Chapter Four discussed the legal matter of exempting the responsibility.Chapter Five is about introspection and how to fix those exist imperfection. This chapter not only made deeper discussions about some certain issues and also attempted to offer some thoughts and solutions for each problem.