Bills Assurance System Research

The negotiable instrument is an important modern economic credit payment tool in the market economic activities, the system of avails of the negotiable instruments is established in order to add credit to the negotiable instruments. In order to protect an efficient circulation, visible research on bill guarantee system is of great significance. This paper of bills guarantee system expounds four parts of guaranty of negotiable instrument system.The first part is negotiable instruments guarantee system overview. The bill guarantee will be divided into standard instrument guarantee for four different types in this part, including the concept, characteristics and countries legislative cases.The second part is negotiable instruments legal constituents. Legal bills guarantee must have the constituents mainly including the optimal parties and the particulars specified notes.The third part is the rights and duties of bill guarantor. The rights mainly include the surety defense and subrogation. Independence and joint liability are the basic characteristics of bill guarantor.The fourth part studied several practical problems about negotiable instruments guarantee. This section mainly discusses implicit guaranty endorsement issue and check payment issues.