BLANKO MENICA KAO SREDSTVO OBEZBEĐENJA POTOŠAČKOG KREDITA
BLANK PROMISSORY NOTE AS A SECURITY INSTRUMENT FOR CONSUMER CREDIT

Summary/Abstract: The paper considers the sense of using the blank promissory note as a means of securing of consumer loan, while also questioning its purpose as means of security. The initial hypothesis is the legal absurdity of the same person being a debtor under the two different legal basis – promissory note and consumer loan. The same person is the guarantor for themselves – by signing the blank note they guarantee the performance of the consumer loan contract. That arrangement seems tautological having in mind that the same person, through two legal basis but with the same property, guarantees the performance of the underlying contract manifested in a consumer loan. This is the core proof of the absurdity of using the blank promissory note as collateral security.

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