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The Effects of Accepting and the Reversal of the Promissory Note in Moldavia and in Romania
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The Effects of Accepting and the Reversal of the Promissory Note in Moldavia and in Romania
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Journal Article
The Effects of Accepting and the Reversal of the Promissory Note in Moldavia and in Romania
2018
Overview
In this article are approached the aspects regarding the effects of accepting and the reversal of the promissory note in Moldavia and in Romania. Through the acceptance of the promissory note the drawee becomes the main debtor and as such to him the promissory note must be presented. After the acceptance the drawee becomes promissory debtor. He is direct, main and solitary bound. Towards the possessor of the title the one that accepts becomes responsible alongside the other promissory signers. The acceptance of the promissory note has as a consequence the appearance of some obligations for the accepting drawee regarding the possessor of the promissory note as well as towards the drawer. Also the law recognizes the drawee's right to reverse the acceptance of the promissory note.
Publisher
George Bacovia University
Subject
