Formal Requirement of Cheques in the Light of Recent Legislation and Enforcement Procedures Peculiar to Bill of Exchange Based on Cheques
Abstract
The provisions about the bills of exchange are
regulated by the Turkish Commercial Code. Bills of exchange are negotiable
instrument which represent money. These bills are subject to strict formal
conditions. Furthermore abstract principle in bills of exchange are
approved namely the indepence of the bill from the main debt relation which
caused its arrangment. Being subject to abstract principle and strict
formal conditions has improved the re liability and the circulatory power of the
bills of exchange. By considering the pace of the business life and the
circulatory power of the bills of exchange, There are more advantaged ways
compare with others enforcement procedure are regulated for cerditors whose
claim depends on bills of exchange in the Code of Execution and Bankruptcy.
Keywords
References
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Details
Primary Language
Turkish
Subjects
Law in Context
Journal Section
Research Article
Publication Date
January 15, 2017
Submission Date
January 24, 2017
Acceptance Date
December 21, 2016
Published in Issue
Year 2016 Volume: 21 Number: 35