University of Tehran Law Quarterly 2588-5618 39 2 2009 06 22 THE NATURE AND CONDITIONS OF THE LIABILITY OF THE GUARANTOR OF A CHEQUE IN THE IRANIAN LAW THE NATURE AND CONDITIONS OF THE LIABILITY OF THE GUARANTOR OF A CHEQUE IN THE IRANIAN LAW 20073 FA Rabia Eskini Journal Article 1970 01 01 Article 314 of the Iranian Commercial Code provides: "The rules prescribed by this law in relation to the bill of exchange such as the liability of the issuer (or) indorsers and the protest, are applicable to the cheque as well". The interpretation of this article has given rise to the question whether the guarantor of cheque,s liability is joint and several as it is the case with regard to the guarantor of a bill of exchange. A second question is raised also whether bringing claim against the guarantor of cheque follows the same rules as is the case with regard to the guarantor of a bill of exchange. Article 314 of the Iranian Commercial Code provides: "The rules prescribed by this law in relation to the bill of exchange such as the liability of the issuer (or) indorsers and the protest, are applicable to the cheque as well". The interpretation of this article has given rise to the question whether the guarantor of cheque,s liability is joint and several as it is the case with regard to the guarantor of a bill of exchange. A second question is raised also whether bringing claim against the guarantor of cheque follows the same rules as is the case with regard to the guarantor of a bill of exchange. https://jlq.ut.ac.ir/article_20073_c0dc6d5f63e27422d83bfe646681f3d2.pdf