Configuraţia plăţii cambiale
The Configuration of the Payment of the Promissory Note

Summary/Abstract: The promissory note is used on a large scale in the international commercial relationships, that’s why it made the object of a unitary judicial regulation. Of course that Law nr 58 from May 1st 1934 on the promissory note and on the bill at order used as a model the Italian law on the promissory note from the 14th of December 1933, that was based on the homogenous law of the promissory note and of the bill at order. The promissory note that is payable on the fixed day or at a term from the issuing date has to be presented to payment at the due date or in the following two days at the place and address indicated in the promissory note. The payment can be asked only by its legitimate possessor through the presentation of the promissory note. The title has to be presented to the main debtor or to the person designated to pay for him. The obliged people to pay the sum mentioned in the title is the acceptor (the drawee, the designated person at need, the intervener), the endorsers and the person that guarantees the payment. The presentation of the title ca be made in original or through cropping, a process that can be applied only to accepted promissory notes, through which the essential information of the promissory note and its image are put on an electronic device and thus transmitted to the credit institution that as the promissory position of drawee or of acceptor.

• Details
• Contents