Acceptance of the bill of exchange in the Republic of Moldova and in Romania Cover Image
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Acceptarea cambiei în Republica Moldova și în România
Acceptance of the bill of exchange in the Republic of Moldova and in Romania

Author(s): Laurenţiu Novac-Diaconu, Leonid Chirtoaca
Subject(s): Law, Constitution, Jurisprudence
Published by: Uniunea Juriștilor din România
Keywords: bill of exchange; acceptance;presentation.;

Summary/Abstract: In this study we are making reference to the acceptance of the bill of exchange in the Republic of Moldova and in Romania. The bill of exchange includes the drawer’s order addressed to the drawee to pay to the holder of the bill of exchange (payee) the amount of money mentioned in the title. This order itself includes only an obligation of the drawer to determine the payment of the amount of money to be made to the beneficiary, as well as a designation of the person (the drawee) which is going to make the payment at maturity. But the obligation to pay the amount of money does not arise from the order given by the drawer, but from the expression of the will of the drawee itself. So only by accepting the order the drawee becomes acceptor, that is debtor of bill of exchange, and will be obliged to pay at maturity the amount of money provided by the bill of exchange. By accepting the bill of exchange, the drawee becomes the principal debtor and, as a consequence, he must be presented with the bill of exchange.

  • Issue Year: 2018
  • Issue No: 07
  • Page Range: 20-25
  • Page Count: 6
  • Language: Romanian