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Art. 1021

220COFederal ActJan 1, 1912Original source
  1. The guarantee commitment is inscribed on the bill of exchange or an annex (rider) thereto.
  2. It is expressed by the words “as guarantor” or a comment to that effect; it must be signed by the bill guarantor.
  3. The mere act of signing the obverse of the bill of exchange is deemed a guarantee commitment, providing the signature is not that of the drawee or the drawer.
  4. The guarantee commitment must indicate for whom the guarantee is given; where there is no such indication, it is deemed to be given for the drawer.

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