THE BILL OF EXCHANGE AS A MEANS OF PAYMENT AND SECURITY

  • Vojo Belovski Univerzitet Goce Delcev, Pravni fakultet, Stip

Sažetak


The bill of exchange is a kind of paper in order that its holder shall entitle the debtor named in the document to pay a certain amount of payments. The bill of exchange represents a means of payment and an instrument of providing the payment. It is an unconditional order given by the drawer to the drawee to pay a certain amount to the payee listed on the bill of exchange.

The bill of exchange is generally a paper on the orders but it can be issued as value paper to a name. It is such promissory notes where the issuer becomes a clause not by order. The bill of exchange though it appears as a means of payment and an instrument for securing the payment it also appears as a means of international payment, because the bill of exchange can become a modern instrument of crediting and payment. With the development of the credit market and the bill of exchange becomes a means for the drawer and the drawee. This means that instead of the bill of exchange to be paid after the expiry of a certain deadline for submission of the bill of exchange the holder may sell or discount, or to pay before the deadline for submission. With this the bill of exchange becomes a toll for discount.

Based on this we can conclude that the bill of exchange has the following roles:

-bill of exchange serves as a means of credit;

-bill of exchange serves as means of payment;

-bill of exchange serves as a means for discount by.

Reference

Bill of exchange of Exchange ( "Official Gazette" no. 3/2002 and 67/2010)

Dimitrov - Antovska, Snow White, Bill of exchange - concept and types, debtors work and draft rights Notary No.5. Skopje

Manoleva - Mitrovska, prof. Dr. Dance, Securities - promissory note and check, p.142.

Balajovikj Dr. Ljubomir, draft and checks law SFRY, Belgrade, 1947

Convention Providing a Uniform Law For Bill of exchanges of Exchange and Promissory Notes (Geneva, 1930) The League of Nations

Zakon o menici (sluzben list FNRJ 104/1946, 16/1965, 54/1970, 1989), article 1, paragraph 1 item 1

www.pravo.org.mk

www.finance.gov.mk

www.nbrm.gov.mk

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2016/07/27
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