contract of guarantee "contract of guarantee" means, in relation to any hire-purchase agreement, a contract made at the request, expressed or implied, of the hirer to guarantee the performance, of the hirer's obligations under the hire-purchase agreement, but does not include the dealer or a person engaged at the time of giving of the guarantee in the trade or business of selling goods of the same nature or description as the goods comprised in the agreement, and the expression "guarantor" shall be construed accordingly; ACT 212 - HIRE-PURCHASE ACT 1967 (Revised 1978) 2. Interpretation.