Refusal to accept the bill of exchange and extraordinary acceptance in the Republic of Moldova and Romania Cover Image
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Refuzul de a accepta cambia și acceptarea extraordinară în Republica Moldova și România
Refusal to accept the bill of exchange and extraordinary acceptance in the Republic of Moldova and Romania

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

Summary/Abstract: In this study we are making reference to the refusal to accept the bill ofexchange and the extraordinary acceptance in the Republic of Moldova andRomania. By accepting the bill of exchange, the drawer becomes the principaldebtor and, consequently, the bill of exchange must be presented to him. In case thedrawee refuses the acceptance of the bill of exchange, the statement of refusal mustbe ascertained, within the time limits set for presentation on acceptance, by an actdrawn up. Normally, the acceptance of the bill of exchange is made by the drawee.In the case of refusal of acceptance from the drawee, in order to protect theinterests of the holder of the bill of exchange, the law regulates the possibility for aperson other than the drawee to accept the bill of exchange. Such an extraordinaryacceptance avoids the initiation of the action for regress.

  • Issue Year: 2018
  • Issue No: 08
  • Page Range: 34-37
  • Page Count: 4
  • Language: Romanian