Article L511-19
By acceptance, the drawee undertakes to pay the bill of exchange on the due date. In the event of non-payment, the bearer, even if he is the drawer, has a direct action against the acceptor arising fr…
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Showing 4221–4230 of 17922 articles for “Art. Lonsdale v Howard & Hallam [2007] UKHL 32”
By acceptance, the drawee undertakes to pay the bill of exchange on the due date. In the event of non-payment, the bearer, even if he is the drawer, has a direct action against the acceptor arising fr…
Where the endorsement contains the words "valeur en recouvrement", "pour encaissement", "par procuration", or any other wording implying a simple mandate, the bearer may exercise all the rights derivi…
The endorser is, unless otherwise agreed, guarantor of acceptance and payment. He may prohibit further endorsement. In this case, he is not obliged to guarantee against persons to whom the letter is s…
…e or with the name of another person; 2° Endorse the bill again in blank or to another person; 3° Give the bill to a third party, without filling in the blank and without endorsing it.
Endorsement after the due date produces the same effects as an earlier endorsement. However, an endorsement subsequent to the protest for want of payment, or made after the expiry of the period fixed…
The payment of a bill of exchange may be guaranteed for all or part of its amount by an aval. This guarantee is provided by a third party or even by a signatory of the bill. The aval is given either o…
The owner of the lost bill of exchange must, in order to obtain the next one, apply to his immediate endorser who is obliged to lend him his name and care to act towards his own endorser, and so backw…
…nt at the place of payment, the amount may be paid in the currency of the country, according to its value on the day of maturity. If the debtor is in arrears, the bearer may, at his option, request th…
…in articles L. 511-33 and L. 511-34 is extinguished after three years, if during this time there have been no claims or legal proceedings.
The provisions of this chapter, the decree issued for the application of the said provisions, the tariff and the regulations, shall be posted in the part of the shop's offices to which the public has…
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