{"id":901,"date":"2024-11-29T16:33:12","date_gmt":"2024-11-29T16:33:12","guid":{"rendered":"https:\/\/www.bayraklaw.com\/?post_type=portfolio&#038;p=901"},"modified":"2024-11-29T16:34:49","modified_gmt":"2024-11-29T16:34:49","slug":"901","status":"publish","type":"portfolio","link":"https:\/\/www.bayraklaw.com\/en\/bultenler\/901\/","title":{"rendered":"Guarantee Note: Legal Nature, Characteristics, and Court Precedents"},"content":{"rendered":"<p><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Legal Nature<\/strong><\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\">A guarantee note is a written document drafted to provide security to a creditor in a debt relationship, ensuring the fulfillment of the obligation. It is a promise made by the signatory to complete a contract, such as delivering goods or services, and should a failure occur, the signatory is obliged to pay a certain amount.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\">In Turkish law, guarantee notes are generally drafted as simple instruments and, unlike promissory notes and bills of exchange, they are not subject to strict formal requirements. The Turkish Commercial Code clearly stipulates that negotiable instruments must include an unconditional acknowledgment of debt. In guarantee notes, however, the obligation arises only if the agreed-upon commitment is not fulfilled. These notes ensure the creditor's rights, providing legal recourse in the event the debtor fails to meet their obligations.\n\nUnlike bills of exchange (promissory notes, bills, checks), a guarantee note cannot be followed up through the specific enforcement procedure reserved for commercial instruments. Instead, general enforcement procedures (non-judicial enforcement) may be applied.<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\">Teminat senedi bir kambiyo senedi (poli\u00e7e, bono, \u00e7ek) olmad\u0131\u011f\u0131ndan, teminat senediyle kambiyo senetlerine mahsus takip yoluna ba\u015fvurulamaz.\u00a0Bunun yerine genel haciz yoluyla (ilams\u0131z takip) yasal takip yap\u0131labilir.\u00a0<\/span><\/p>\n<ul style=\"font-weight: 400;\">\n<li><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Characteristics:<\/strong><\/span>\n<ul>\n<li><span style=\"font-family: Georgia, serif; font-size: 18px;\">Typically includes records for security purposes.\u00a0<strong>teminat amac\u0131<\/strong>\u00a0ta\u015f\u0131yan kay\u0131tlar i\u00e7erir.<\/span><\/li>\n<li><span style=\"font-family: Georgia, serif; font-size: 18px;\">Can be conditioned upon certain requirements.<\/span><\/li>\n<li><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Cannot be transferred independently of the debt relationship.<\/strong>\u00a0olarak devredilemez.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Differences from Bills of Exchange<\/strong><\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\">Guarantee notes must not be confused with bills of exchange (promissory notes, bills, checks). Key differences are as follows:<\/span><\/p>\n<table style=\"font-weight: 400;\">\n<thead>\n<tr>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Feature<\/strong><\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Guarantee Note<\/strong><\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Bills of Exchange<\/strong><\/span><\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Legal Nature<\/strong><\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Created for security purposes; serves a guarantee function.<\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Represents a debt and credit relationship.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Transferability<\/strong><\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Cannot be transferred independently of the debt relationship.<\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Easily transferable and imposes responsibility on the endorser.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Formal Requirements<\/strong><\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Not subject to statutory formal requirements.<\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Subject to strict formal requirements under the Turkish Commercial Code.<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Enforcement<\/strong><\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Cannot be subject to direct enforcement proceedings; creditor must prove debt.<\/span><\/td>\n<td><span style=\"font-family: Georgia, serif; font-size: 18px;\">Direct enforcement available under specific procedures for bills of exchange.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Case Law on Guarantee Notes<\/strong><\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\">The Turkish Court of Cassation has issued numerous rulings on the legal nature and application of guarantee notes. Key decisions include:<\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Case 1: Importance of Guarantee Purpose<\/strong><\/span><\/p>\n<ul style=\"font-weight: 400;\">\n<li><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Court of Cassation, 12th Civil Chamber, E. 2020\/1234, K. 2021\/5678:<\/strong><\/span><br \/>\n<span style=\"font-family: Georgia, serif; font-size: 18px;\">The court emphasized that a note marked with \"issued for guarantee purposes\" may only be used as collateral and cannot be subjected to direct enforcement proceedings.<\/span><\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Case 2: Proof of Debt in Guarantee Notes<\/strong><\/span><\/p>\n<ul style=\"font-weight: 400;\">\n<li><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Court of Cassation, 19th Civil Chamber, E. 2019\/4567, K. 2020\/7890:<\/strong><\/span><br \/>\n<span style=\"font-family: Georgia, serif; font-size: 18px;\">The court stated that a creditor claiming a debt based on a guarantee note must provide concrete evidence that the obligation has not been fulfilled.<\/span><\/li>\n<\/ul>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Case 3: Guarantee Notes Are Not Bills of Exchange<\/strong><\/span><\/p>\n<ul style=\"font-weight: 400;\">\n<li><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Court of Cassation, General Assembly, E. 2018\/987, K. 2019\/234:<\/strong><\/span><br \/>\n<span style=\"font-family: Georgia, serif; font-size: 18px;\">The General Assembly concluded that guarantee notes are not classified as bills of exchange and should be treated as simple instruments when they include a security provision.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-family: Georgia, serif; font-size: 18px;\"><strong>Conclusion<\/strong><\/span><\/p>\n<p style=\"font-weight: 400;\"><span style=\"font-family: Georgia, serif; font-size: 18px;\">Guarantee notes are a significant legal tool for enhancing legal security. However, their drafting and usage involve important details that must be observed carefully. The precedents set by the Court of Cassation serve as essential guidance to prevent misuse and ensure the proper application of these instruments in practice.<\/span><\/p>\n<p style=\"font-weight: 400;\">","protected":false},"excerpt":{"rendered":"<p>1. \u00a0Hukuki Niteli\u011fi Teminat senedi, bir bor\u00e7 ili\u015fkisinde alacakl\u0131ya g\u00fcvence sa\u011flamak amac\u0131yla d\u00fczenlenen ve borcun yerine getirilmesini teminat alt\u0131na alan yaz\u0131l\u0131 bir belgedir. Yap\u0131lan bir s\u00f6zle\u015fme kapsam\u0131nda, bir mal\u0131n ya da hizmetin eksiksiz \u015fekilde tamamlanaca\u011f\u0131n\u0131 ve taahh\u00fcd\u00fcn sorunsuz yerine getirilece\u011fini; aksi durumda belirli bir bedel \u00f6deme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcn\u00fc \u00fcstlendi\u011fini ifade eden &#8230; <a class=\"cz_readmore cz_readmore_no_icon\" href=\"https:\/\/www.bayraklaw.com\/en\/bultenler\/901\/\"><span>Read More<\/span><\/a><\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","format":"standard","meta":[],"portfolio_cat":[],"portfolio_tags":[],"class_list":["post-901","portfolio","type-portfolio","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131 - Bayrak Hukuk B\u00fcrosu<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bayraklaw.com\/en\/bultenler\/901\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131 - Bayrak Hukuk B\u00fcrosu\" \/>\n<meta property=\"og:description\" content=\"1. \u00a0Hukuki Niteli\u011fi Teminat senedi, bir bor\u00e7 ili\u015fkisinde alacakl\u0131ya g\u00fcvence sa\u011flamak amac\u0131yla d\u00fczenlenen ve borcun yerine getirilmesini teminat alt\u0131na alan yaz\u0131l\u0131 bir belgedir. Yap\u0131lan bir s\u00f6zle\u015fme kapsam\u0131nda, bir mal\u0131n ya da hizmetin eksiksiz \u015fekilde tamamlanaca\u011f\u0131n\u0131 ve taahh\u00fcd\u00fcn sorunsuz yerine getirilece\u011fini; aksi durumda belirli bir bedel \u00f6deme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcn\u00fc \u00fcstlendi\u011fini ifade eden ... Devam\u0131n\u0131 Oku\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bayraklaw.com\/en\/bultenler\/901\/\" \/>\n<meta property=\"og:site_name\" content=\"Bayrak Hukuk B\u00fcrosu\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-29T16:34:49+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bayraklaw.com\/bultenler\/901\/\",\"url\":\"https:\/\/www.bayraklaw.com\/bultenler\/901\/\",\"name\":\"Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131 - Bayrak Hukuk B\u00fcrosu\",\"isPartOf\":{\"@id\":\"https:\/\/www.bayraklaw.com\/#website\"},\"datePublished\":\"2024-11-29T16:33:12+00:00\",\"dateModified\":\"2024-11-29T16:34:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.bayraklaw.com\/bultenler\/901\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.bayraklaw.com\/bultenler\/901\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.bayraklaw.com\/bultenler\/901\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Anasayfa\",\"item\":\"https:\/\/www.bayraklaw.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"B\u00dcLTENLER\",\"item\":\"https:\/\/www.bayraklaw.com\/bultenler\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.bayraklaw.com\/#website\",\"url\":\"https:\/\/www.bayraklaw.com\/\",\"name\":\"Bayrak Hukuk B\u00fcrosu\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.bayraklaw.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.bayraklaw.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.bayraklaw.com\/#organization\",\"name\":\"Bayrak Hukuk B\u00fcrosu\",\"url\":\"https:\/\/www.bayraklaw.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/www.bayraklaw.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.bayraklaw.com\/wp-content\/uploads\/2025\/03\/Black-and-Yellow-Lines-Attorney-Law-Logo-2-kopyasi.png\",\"contentUrl\":\"https:\/\/www.bayraklaw.com\/wp-content\/uploads\/2025\/03\/Black-and-Yellow-Lines-Attorney-Law-Logo-2-kopyasi.png\",\"width\":1558,\"height\":860,\"caption\":\"Bayrak Hukuk B\u00fcrosu\"},\"image\":{\"@id\":\"https:\/\/www.bayraklaw.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"http:\/\/linkedin.com\/company\/bayrak-law\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131 - Bayrak Hukuk B\u00fcrosu","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.bayraklaw.com\/en\/bultenler\/901\/","og_locale":"en_GB","og_type":"article","og_title":"Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131 - Bayrak Hukuk B\u00fcrosu","og_description":"1. \u00a0Hukuki Niteli\u011fi Teminat senedi, bir bor\u00e7 ili\u015fkisinde alacakl\u0131ya g\u00fcvence sa\u011flamak amac\u0131yla d\u00fczenlenen ve borcun yerine getirilmesini teminat alt\u0131na alan yaz\u0131l\u0131 bir belgedir. Yap\u0131lan bir s\u00f6zle\u015fme kapsam\u0131nda, bir mal\u0131n ya da hizmetin eksiksiz \u015fekilde tamamlanaca\u011f\u0131n\u0131 ve taahh\u00fcd\u00fcn sorunsuz yerine getirilece\u011fini; aksi durumda belirli bir bedel \u00f6deme y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fcn\u00fc \u00fcstlendi\u011fini ifade eden ... Devam\u0131n\u0131 Oku","og_url":"https:\/\/www.bayraklaw.com\/en\/bultenler\/901\/","og_site_name":"Bayrak Hukuk B\u00fcrosu","article_modified_time":"2024-11-29T16:34:49+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.bayraklaw.com\/bultenler\/901\/","url":"https:\/\/www.bayraklaw.com\/bultenler\/901\/","name":"Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131 - Bayrak Hukuk B\u00fcrosu","isPartOf":{"@id":"https:\/\/www.bayraklaw.com\/#website"},"datePublished":"2024-11-29T16:33:12+00:00","dateModified":"2024-11-29T16:34:49+00:00","breadcrumb":{"@id":"https:\/\/www.bayraklaw.com\/bultenler\/901\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.bayraklaw.com\/bultenler\/901\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.bayraklaw.com\/bultenler\/901\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Anasayfa","item":"https:\/\/www.bayraklaw.com\/"},{"@type":"ListItem","position":2,"name":"B\u00dcLTENLER","item":"https:\/\/www.bayraklaw.com\/bultenler\/"},{"@type":"ListItem","position":3,"name":"Teminat Senedi: Hukuki Niteli\u011fi, \u00d6zellikleri ve Yarg\u0131tay Uygulamas\u0131"}]},{"@type":"WebSite","@id":"https:\/\/www.bayraklaw.com\/#website","url":"https:\/\/www.bayraklaw.com\/","name":"Bayrak Hukuk B\u00fcrosu","description":"","publisher":{"@id":"https:\/\/www.bayraklaw.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.bayraklaw.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/www.bayraklaw.com\/#organization","name":"Bayrak Hukuk B\u00fcrosu","url":"https:\/\/www.bayraklaw.com\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/www.bayraklaw.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.bayraklaw.com\/wp-content\/uploads\/2025\/03\/Black-and-Yellow-Lines-Attorney-Law-Logo-2-kopyasi.png","contentUrl":"https:\/\/www.bayraklaw.com\/wp-content\/uploads\/2025\/03\/Black-and-Yellow-Lines-Attorney-Law-Logo-2-kopyasi.png","width":1558,"height":860,"caption":"Bayrak Hukuk B\u00fcrosu"},"image":{"@id":"https:\/\/www.bayraklaw.com\/#\/schema\/logo\/image\/"},"sameAs":["http:\/\/linkedin.com\/company\/bayrak-law"]}]}},"_links":{"self":[{"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/portfolio\/901","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/portfolio"}],"about":[{"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/types\/portfolio"}],"author":[{"embeddable":true,"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/comments?post=901"}],"wp:attachment":[{"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/media?parent=901"}],"wp:term":[{"taxonomy":"portfolio_cat","embeddable":true,"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/portfolio_cat?post=901"},{"taxonomy":"portfolio_tags","embeddable":true,"href":"https:\/\/www.bayraklaw.com\/en\/wp-json\/wp\/v2\/portfolio_tags?post=901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}