{"id":4260,"date":"2020-04-02T14:07:43","date_gmt":"2020-04-02T14:07:43","guid":{"rendered":"https:\/\/commerceiets.com\/?p=4260"},"modified":"2020-04-02T14:07:43","modified_gmt":"2020-04-02T14:07:43","slug":"contract-of-guarantee-notes","status":"publish","type":"post","link":"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/","title":{"rendered":"CONTRACT OF GUARANTEE NOTES"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/#CONTRACT_OF_GUARANTEE_NOTES\" title=\"CONTRACT OF GUARANTEE NOTES\">CONTRACT OF GUARANTEE NOTES<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/#ESSENTIALS_OF_A_CONTRACT_OF_GUARANTEE\" title=\"ESSENTIALS OF A CONTRACT OF GUARANTEE\">ESSENTIALS OF A CONTRACT OF GUARANTEE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/#KINDS_OF_GUARANTEE\" title=\"KINDS OF GUARANTEE\">KINDS OF GUARANTEE<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/#1_By_giving_a_notice_Section_130\" title=\"1) By giving a notice&nbsp;(Section 130)\">1) By giving a notice&nbsp;(Section 130)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/#2_By_Death_of_SuretySection_131\" title=\"2) By Death of Surety(Section\n131)\">2) By Death of Surety(Section\n131)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/#CONCLUSION\" title=\"CONCLUSION\">CONCLUSION<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"CONTRACT_OF_GUARANTEE_NOTES\"><\/span><strong>CONTRACT OF GUARANTEE<\/strong> <strong>NOTES<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Contract of Guarantee means a\u00a0<a href=\"https:\/\/commerceiets.com\/indian-contract-act-1872\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"contract (opens in a new tab)\">contract<\/a>\u00a0to perform the promises made or discharge the liabilities of the third person in case of his failure to discharge such\u00a0liabilities.<\/p>\n\n\n\n<p><strong>ACCORDING TO\nSECTION 126 OF INDIAN CONTRACT ACT, 1872<\/strong><strong><\/strong><\/p>\n\n\n\n<p>\u201cA contract\nof guarantee is a contract to perform the promise or discharge the liability of\nthe defaulting party in case he fails to fulfill his promise.\u201d<\/p>\n\n\n\n<p><strong>PARTIES TO CONTRACT OF GUARANTEE<\/strong><\/p>\n\n\n\n<p><strong>There are three parties to the contract of guarantee:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-1-2.png\" alt=\"\" class=\"wp-image-4262\"\/><\/figure>\n\n\n\n<p><strong>Surety:<\/strong>&nbsp;A surety is a person giving a guarantee in a\ncontract of guarantee. A person who takes responsibility to pay a sum of money,\nperform any duty for another person in case that person fails to perform such\nwork.<\/p>\n\n\n\n<p><strong>Principal\nDebtor:&nbsp;<\/strong>A principal debtor is a\nperson for whom the guarantee is given in a contract of guarantee.<\/p>\n\n\n\n<p><strong>Creditor:<\/strong>&nbsp;The person to whom the guarantee is given is known\nas the creditor.<\/p>\n\n\n\n<p><strong>EXAMPLE:<\/strong> Mr.\nX advances a loan of 25000 to Mr. Y and Mr. Z promise that in case Mr. Y fails\nto repay the&nbsp;loan, then he will repay the same. In this case of a contract\nof guarantee, Mr. X is a Creditor, Mr. Y is a principal debtor and Mr. Z is a\nSurety.<\/p>\n\n\n\n<p><strong>CASE\nSTUDY<\/strong><\/p>\n\n\n\n<p>In&nbsp;<em>P.J. Rajappan v Associated Industries (1983)<\/em>&nbsp;the\nguarantor, having not signed the contract of guarantee, wanted to wriggle out\nof the situation. He said that he did not stand as a surety for the performance\nof the contract. Evidence showed the involvement of the guarantor in the deal\nand had promised to sign the contract later. The Kerala High Court held that a\ncontract of guarantee is a tripartite agreement, involving the principal\ndebtor, surety and the creditor. In a case where there is evidence of the\ninvolvement of the guarantor, the mere failure on his part in not signing the\nagreement is not sufficient to demolish otherwise acceptable evidence of his\ninvolvement in the transaction leading to the conclusion that he guaranteed the\ndue performance of the contract by the principal debtor. When a court has to\ndecide whether a person has actually guaranteed the due performance of the\ncontract by the principal debtor all the circumstances concerning the\ntransactions will have to be necessarily considered.<\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"ESSENTIALS_OF_A_CONTRACT_OF_GUARANTEE\"><\/span><strong>ESSENTIALS OF A CONTRACT OF GUARANTEE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"654\" height=\"528\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-2.png\" alt=\"\" class=\"wp-image-4263\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-2.png 654w, https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-2-300x242.png 300w\" sizes=\"auto, (max-width: 654px) 100vw, 654px\" \/><\/figure>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>1) MUST BE MADE WITH THE AGREEMENT OF ALL THREE PARTIES<\/strong><\/p>\n\n\n\n<p>ALL the three parties to the\ncontract i.e the principal debtor, the creditor, and the surety must agree to\nmake such a contract with the agreement of each other. Here it is important to\nnote that the surety takes his responsibility to be liable for the debt of the\nprincipal debtor only on the request of the principal debtor. Hence\ncommunication either express or implied by the principal debtor to the surety\nis necessary. The communication of the surety with the creditor to enter into a\ncontract of guarantee without the knowledge of the principal debtor will not\nconstitute a contract of guarantee.<\/p>\n\n\n\n<p><strong>EXAMPLE<\/strong><br \/>\nSam lends money to Akash. Sam is the creditor and Akash is the principal\ndebtor. Sam approaches Raghav to act as the surety without any information to\nAkash. Raghav agrees. This is not valid.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>2) CONSIDERATION<\/strong><\/p>\n\n\n\n<p>According\nto&nbsp;<em>section 127<\/em>&nbsp;of the act, anything is done or any\npromise made for the benefit of the principal debtor is sufficient\nconsideration to the surety for giving the guarantee. The consideration must be\na fresh consideration given by the creditor and not a past consideration. It is\nnot necessary that the guarantor must receive any consideration and sometimes\neven tolerance on the part of the creditor in case of default is also enough\nconsideration.<\/p>\n\n\n\n<p>In&nbsp;<em>State\nBank of India v Premco Saw Mill(1983)<\/em>, the State Bank gave notice\nto the debtor-defendant and also threatened legal action against her, but her\nhusband agreed to become surety and undertook to pay the liability and also\nexecuted a promissory note in favor of the State Bank and the Bank refrained\nfrom threatened action. It was held that such patience and acceptance on the\nbank\u2019s part constituted good consideration for the surety.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>3) LIABILITY<\/strong><\/p>\n\n\n\n<p>In a\ncontract of guarantee, the liability of a surety is secondary. This means that\nsince the primary contract was between the creditor and principal debtor, the\nliability to fulfill the terms of the contract lies primarily with the\nprincipal debtor. It is only on the default of the principal debtor that the\nsurety is liable to repay.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>4) PRESUPPOSES THE\nEXISTENCE OF A DEBT<\/strong><\/p>\n\n\n\n<p>The\nmain function of a contract of guarantee is to secure the payment of the debt\ntaken by the principal debtor. If no such debt exists then there is nothing\nleft for the surety to secure. Hence in cases when the debt is time-barred or\nvoid, no liability of the surety arises. The House of Lords in the Scottish\ncase of<em>&nbsp;Swan vs. Bank of Scotland (1836)<\/em>&nbsp;held\nthat if there is no principal debt, no valid guarantee can exist.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>5) MUST CONTAIN ALL THE ESSENTIALS OF A VALID CONTRACT<\/strong><\/p>\n\n\n\n<p>Since\na contract of guarantee is a type of contract, all the essentials of a valid\ncontract will apply in contracts of guarantee as well. Thus, all the essential\nrequirements of a valid contract such as free consent, valid consideration\noffer, and acceptance, intention to create a legal relationship etc are\nrequired to be fulfilled.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>6) NO CONCEALMENT OF FACTS<\/strong><\/p>\n\n\n\n<p>The\ncreditor should disclose to the surety the facts that are likely to affect the\nsurety\u2019s liability. The guarantee obtained by the concealment of such facts is\ninvalid. Thus, the guarantee is invalid if the creditor obtains it by the\nconcealment of material facts.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>7) NO MISREPRESENTATION<\/strong><\/p>\n\n\n\n<p>The\nguarantee should not be obtained by misrepresenting the facts to the surety.\nThough the contract of guarantee is not a contract of Uberrima fides i.e., of\nabsolute good faith, and thus, does not require complete disclosure of all the\nmaterial facts by the principal debtor or creditor to the surety before he\nenters into a contract. But the facts, that are likely to affect the extent of\nsurety\u2019s responsibility, must be truly represented.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>8) WRITING NOT NECESSARY<\/strong><\/p>\n\n\n\n<p>A\ncontract of guarantee may either be oral or written. It may be express or\nimplied from the conduct of parties.<\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"KINDS_OF_GUARANTEE\"><\/span><strong>KINDS OF GUARANTEE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Contracts of guarantees may be classified into two types: <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"593\" height=\"412\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-3.png\" alt=\"\" class=\"wp-image-4264\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-3.png 593w, https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-3-300x208.png 300w\" sizes=\"auto, (max-width: 593px) 100vw, 593px\" \/><\/figure>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>UNILATERAL CONTRACT OF COMMERCIAL CREDIT<\/strong><\/p>\n\n\n\n<p>This is a type of contract of guarantee\nusually seen in trade transactions. It commonly arises between the wholesale\ntrader and a retail trader. Also, it arises between a retail trader and the\ncustomer. In this type of guarantee contract, the goods are delivered against\nno payment but with an agreement. The agreement between parties is either\nwritten or oral. The agreement may or may not have any securities against\ndischarge of the payment on a later date.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>BANK GUARANTEE<\/strong><\/p>\n\n\n\n<p>This type of guarantee contract is common in\nthe contracts of the Government. Also, it is common in tender for contracts.\nThis type of guarantee contract is a commercial document. The bank guarantee is\nautonomous and is independent of the contract that is underlying. It is a\nguarantee from a bank against liabilities.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>LETTER OF CREDIT<\/strong><\/p>\n\n\n\n<p>A letter of credit is an instrument which is\nwritten by one person to the other about giving of credit. The one who writes\nthe letter, requests the other to give credit to the bearer of the letter or in\nwhose favor the letter is drawn. In the international trade this practice is\ncommonly seen. This can be general letter of credit which is drawn against\nmerchants in general or special letter of credit which is drawn against a\nspecific person with all the information enclosed.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>ABSOLUTE PERFORMANCE BONDS<\/strong><\/p>\n\n\n\n<p>Absolute means perfect and it also means\ncomplete. In this type of guarantee contract, the surety pays the amount\nwritten in the contract upon the failure to discharge the contract by the\nperson against whom the guarantee is given.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>RETROSPECTIVE GUARANTEE<\/strong><\/p>\n\n\n\n<p>When the guarantee is given for an existing\nobligation or debt, it is called retrospective guarantee.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>PROSPECTIVE GUARANTEE<\/strong><\/p>\n\n\n\n<p>When the guarantee is given for a future\nobligation or debt it is called prospective guarantee.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>SPECIFIC GUARANTEE<\/strong><\/p>\n\n\n\n<p>When\na guarantee is given in respect of a single debt or specific transaction and is\nto come to an end when the guaranteed debt is paid or the promise is duly\nperformed, it is called a specific or simple guarantee.<\/p>\n\n\n\n<p><strong>EXAMPLE<\/strong><\/p>\n\n\n\n<p>&nbsp;a) S is a bookseller who supplies a set of\nbooks to P, under the contract that if P does not pay for the books, his friend\nK would make the payment. This is a contract of specific guarantee and K\u2019s\nliability would come to an end, the moment the price of the books is paid to S.<\/p>\n\n\n\n<p class=\"has-background has-green-background-color\"><strong>CONTINUING GUARANTEE<\/strong><\/p>\n\n\n\n<p>A\ncontinuing guarantee is defined under&nbsp;<em>section 129<\/em>&nbsp;of\nthe&nbsp;<em>Indian Contract Act,1872<\/em>. A continuing guarantee is\na type of guarantee which applies to a series of transactions. It applies to\nall the transactions entered into by the principal debtor until it is revoked\nby the surety. Therefore Bankers always prefer to have a continuing guarantee\nso that the guarantor\u2019s liability is not limited to the original advances and\nwould also extend to all subsequent debts.<\/p>\n\n\n\n<p><strong>EXAMPLE<\/strong><\/p>\n\n\n\n<p>b)\nOn M\u2019s recommendation S, a wealthy landlord employs P as his estate manager. It\nwas the duty of P to collect rent every month from the tenants of S and remit\nthe same to S before the 15th of each month. M, guarantee this arrangement and\npromises to make good any default made by P. This is a contract of continuing\nguarantee.<\/p>\n\n\n\n<p>The\nmost important feature of a continuing guarantee is that it applies to a series\nof separable, distinct transactions. Therefore, when a guarantee is given for\nan entire consideration, it cannot be termed as a continuing guarantee.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Revocation of Continuing Guarantee<\/strong><\/p>\n\n\n\n<p>So\nfar as a guarantee given for an existing debt is concerned, it cannot be\nrevoked, as once an offer is accepted it becomes final. However, a continuing\nguarantee can be revoked for future transactions. In that case, the surety\nshall be liable for those transactions which have already taken place.<\/p>\n\n\n\n<p>A contract of guarantee can be revoked in the following two ways:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"591\" height=\"271\" src=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-4.png\" alt=\"\" class=\"wp-image-4265\" srcset=\"https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-4.png 591w, https:\/\/commerceiets.com\/wp-content\/uploads\/2020\/04\/image-4-300x138.png 300w\" sizes=\"auto, (max-width: 591px) 100vw, 591px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_By_giving_a_notice_Section_130\"><\/span><strong>1) By giving a notice&nbsp;<\/strong><em>(Section 130)<\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Continuing\nguarantees can be revoked by giving notice to the Creditor but this applies\nonly to future transactions. Just by giving a notice the surety cannot waive\noff his responsibility and still remains liable for all the transactions that\nhave been placed before the notice was given by him. If the contract of\nguarantee includes a clause that a notice of a certain period of time is\nrequired before the contract can be revoked, then the surety must comply with\nthe same as said in&nbsp;<em>Offord v Davies (1862).<\/em><\/p>\n\n\n\n<p><strong>Illustration<\/strong><\/p>\n\n\n\n<p>A\nguarantees to B to the extent of Rs. 10,000, that C shall pay for all the goods\nbought by him during the next three months. B sells goods worth Rs. 6,000 to C.\nA gives notice of revocation, C is liable for Rs. 6,000. If any goods are sold\nto C after the notice of revocation, A shall not be, liable for that.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_By_Death_of_SuretySection_131\"><\/span><strong>2) By Death of Surety<\/strong><em>(Section\n131)<\/em><em><\/em><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Unless\nthere is a contract to the contrary, the death of surety operates as a\nrevocation of the continuing guarantee in respect to the transactions taking place\nafter the death of surety due to the absence of a contract. However, his legal\nrepresentatives will continue to be liable for transactions entered into before\nhis death. The estate of deceased surety is, however, liable for those\ntransactions which had already taken place during the lifetime of the deceased.\nSurety\u2019s estate will not be liable for the transactions taking after the death\nof surety\u2019even if the creditor had no knowledge of surety\u2019s death.<\/p>\n\n\n\n<h2 class=\"has-text-align-center wp-block-heading\"><span class=\"ez-toc-section\" id=\"CONCLUSION\"><\/span><strong>CONCLUSION<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The contract of guarantee is a specific contract for which the Indian Contract Act has laid some rules. Every contract of guarantee has three parties and there exist two types of guarantees i.e. specific guarantee and continuing guarantee. The type of Guarantee used depends on the situation and the terms of the contract. The surety has some rights against the other parties and liability of the surety is considered to be co-extensive with that of the principal debtor unless it is otherwise provided by the contract. In case the contracts are entered into by misrepresentation made by the creditor regarding material circumstances or by concealment of material facts by the creditor, the contract will be considered invalid.<\/p>\n\n\n\n<p><strong>JOIN THE CHANNEL ON TELEGRAM<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/t.me\/commerceiets\" target=\"_blank\">https:\/\/t.me\/commerceiets<\/a><\/p>\n\n\n\n<p><strong>CONNECT ON LINKEDIN<\/strong><\/p>\n\n\n\n<p><a href=\"https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.linkedin.com\/in\/kajal-mahajan-7549b2197\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>CONTRACT OF GUARANTEE NOTES Contract of Guarantee means a\u00a0contract\u00a0to perform the promises made or discharge the liabilities of the third person in case of his failure to discharge such\u00a0liabilities. ACCORDING TO SECTION 126 OF INDIAN CONTRACT ACT, 1872 \u201cA contract of guarantee is a contract to perform the promise or discharge the liability of the&#8230;<\/p>\n<p class=\"more-link-wrap\"><a href=\"https:\/\/commerceiets.com\/contract-of-guarantee-notes\/\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;CONTRACT OF GUARANTEE NOTES&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":4266,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4260","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-law"],"_links":{"self":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/4260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/comments?post=4260"}],"version-history":[{"count":0,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/posts\/4260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media\/4266"}],"wp:attachment":[{"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/media?parent=4260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/categories?post=4260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/commerceiets.com\/wp-json\/wp\/v2\/tags?post=4260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}