ОПШТЕ КАРАКТЕРИСТИКЕ МЕНИЦЕ СА ПОСЕБНИМ ПОГЛЕДОМ НА ОДРЕЂИВАЊЕ МЕРОДАВНОГ ПРАВА
GENERAL CHARACTERISTICS OF THE BILL WITH SPECIAL A VIEW TO DETERMINING APPLICABLE LAW

Summary/Abstract: From its inception to the present day, the function bills were amended. First it was a means to exchange domestic currency for foreign money and thus were protected businessmen in unsafe ways by which they moved in the course of their duties. In the following period bill became tender and then credit funds. The buyer, who was not able to immediately pay the price of goods they have bought issuing the bill that became due and payable after a specified period of time, how the delayed settlement of its obligations for a few weeks or months. In fact the borrower was credited by the seller at a specified time. With the development of the trade bill became abstract Securities and losing touch with the main business, which is the basis for its issuance. During its development, changing the form of bill of exchange, the requirement that all of its elements are written in the same ink and the same handwriting, a “blank bill” that at the time of publication , the will of the issuer (drawer), does not contain all the elements of the bill of exchange and which was submitted bill creditor (payee) with the authority to later fill in accordance with an agreement reached with the creditor. Due to the characteristics of promissory notes it is important to accurately identify and examine the applicable law to be applied to this valuable paper, in order to avoid disputes that may arise in practice, starting from its issuance until its maturity date and billing. This paper analyzes the general characteristics of the bill and specifically examines the applicable law that are applied to this financial security is.

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