Search results for: “exchange of notes”

Convention on International Bills of Exchange and International Promissory Notes   Article 81 For the purpose of making protest for dishonour by non-payment, a person claiming payment of a lost instrument may use a written statement that satisfies the requirements of subparagraph (a) of paragraph (2) of article 78. Article 82 A person receiving payment…

Convention on International Bills of Exchange and International Promissory Notes   Article 76 (1) Nothing in this Convention prevents a Contracting State from enforcing exchange control regulations applicable in its territory and its provisions relating to the protection of its currency, including regulations which it is bound to apply by virtue of international agreements to…

Convention on International Bills of Exchange and International Promissory Notes   Article 71 A party who pays an instrument and is thereby discharged in whole or in part of his liability on the instrument may recover from the parties liable to him: (a) The entire sum which he has paid; (b) Interest on that sum…

Convention on International Bills of Exchange and International Promissory Notes   Article 61 Protest for dishonour of an instrument by non-acceptance or by non-payment must be made on the day on which the instrument is dishonoured or on one of the four business days which follow. Article 62 (1) Delay in protesting an instrument for…

Convention on International Bills of Exchange and International Promissory Notes   Article 53 (1) If a bill which must be presented for acceptance is not so presented, the drawer, the endorsers and their guarantors are not liable on the bill. (2) Failure to present a bill for acceptance does not discharge the guarantor of the…

Convention on International Bills of Exchange and International Promissory Notes   Article 45 (1) Unless otherwise agreed, a person who transfers an instrument, by endorsement and delivery or by mere delivery, represents to the holder to whom he transfers the instrument that: (a) The instrument does not bear any forged or unauthorized signature; (b) The…

Convention on International Bills of Exchange and International Promissory Notes   Article 31 (1) The transfer of an instrument by a protected holder vests in any subsequent holder the rights to and on the instrument which the protected holder had. (2) Those rights are not vested in a subsequent holder if: (a) He participated in…

Convention on International Bills of Exchange and International Promissory Notes   Article 21 (1) If an endorsement contains the words “for collection”, “for deposit”, “value in collection”, “by procuration”, “pay any bank”, or words of similar import authorizing the endorsee to collect the instrument, the endorsee is a holder who: (a) May exercise all rights…

Convention on International Bills of Exchange and International Promissory Notes   Article 9 (1) An instrument is deemed to be payable on demand: (a) If it states that it is payable at sight or on demand or on presentment or if it contains words of similar import; or (b) If no time of payment is…

Convention on International Bills of Exchange and International Promissory Notes   Article 1 (1) This Convention applies to an international bill of exchange when it contains the heading “International bill of exchange (UNCITRAL Convention)”and also contains in its text the words “International bill of exchange (UNCITRAL Convention)”. (2) This Convention applies to an international promissory…