Wednesday, August 26, 2020

COMMERCIAL CODE - BOOK IV NEGOTIABLE INSTRUMENTS AND BANKING TRANSACTIONS-TITLE II. COMMERCIAL INSTRUMENTS-Chapter 1. General Provisions

 TITLE II. COMMERCIAL INSTRUMENTS


Chapter 1. General Provisions

 

Art. 732. - Definitions.

1.    Commercial instruments are negotiable instruments setting out an entitlement consisting in the payment of a sum of money.
2.    Bills of exchange, promissory notes, cheques, travellers cheques and warehouse goods deposit certificates shall be deemed to be commercial instruments under this Code.
3.    'I1he provisions of Art. 2813-2824 of the Civil Code shall apply to warehouse goods deposit certificates.

Art. 733. - Legal capacity.

    Any person having contractual capacity may bind himself by commercial  instrument.

Art. 734. - Signature.

1.    Declarations made by commercial instruments shall bear the signature of the person making them.
2.    Nevertheless, signature may be apposed by a handwritten mark or by mechanical process such as a stamp.
3.    When a physical person is unable to sign, his consent shall be evidenced by an authentic declaration on the instrument.

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