Credit has many manifestation within societies, whether for development of the financial activity or other forms of commercial activity, as a sample can mention the concept of bill of exchange credit as a title, refers to the payment a value at a certain time, place and a certain person. A bill of exchange is then a title value, understood as a written order, which extends by a person who is called the drawer, directing the obligation to one that is called free, which contain the obligation of payment accepted, where the number money are determined in the same bill of exchange, which must be made at time of expiry of the date specified in the same bill of exchange. As you can see the figure on the bill of exchange is an important issue and involves different actions, understood as rights and obligations of either party and therefore must be regulated in different legislation to help better understand the content of bills of exchange and the measures to be taken in relation to this, mainly the regulation of bills of exchange is arranged in the codes of commerce or trade legislation that may have variations from country to country. In general, the bill of exchange, along with other documents such as promissory note, credit represent documents that form part of a group of media and effects that may occur when charged or paid, depending on the transaction. A bill of exchange can be understood as a turn, to the extent that it contains a promise or an obligation to pay a certain amount of money, so the drawer sends the payment is made to your order or on behalf of the policyholder by the drawee . Within the bill of exchange is presented the intervention of certain subjects or parts, which are: The drawer, who is the person requesting the implementation of the payment order, so has one of the leading figures within the letter exchange and for being who makes the bill of exchange and requesting payment, you must add the bill of exchange in different conditions specific document, in addition to add your signature. The drawee is the person to whom the order is given, ie Add up to pay by money treating the conditions stipulated in the credit documents, so it would be the recipient of the payment order to realize the drawer within the letter of payment must be written the name of this person. The beneficiary or the policyholder, is who should make the payment of the sum stipulated by the drawer, under certain laws are required to list the name of the person who will have this quality, but in others it may be a letter bearer. The guarantor is the person who acts as guarantor of the actual payment of the order is in the bill of exchange.
-
Recent Posts
Recent Comments
Archives
- September 2022
- August 2022
- July 2022
- February 2022
- January 2022
- December 2021
- October 2021
- September 2021
- July 2021
- June 2021
- December 2020
- November 2020
- October 2020
- August 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- January 2018
- December 2017
- November 2017
- September 2017
- August 2017
- July 2017
- June 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- August 2014
- July 2014
- May 2014
- April 2014
- September 2012
Categories
Meta