Legal Application Of Foreign Related Negotiable Instruments

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< p > foreign negotiable instruments refer to negotiable instruments which have certain foreign related factors in the relationship of negotiable instruments.

It usually involves two or more than two countries in the region or the parties concerned, and it can also be called international bills.

China's bill law clearly stipulates that foreign related bills refer to bills which are issued in the territory of China, but also occur outside China.

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< p > < strong > (two) a href= "http://? www.91se91.com/news/index_c.asp" of foreign negotiable instruments > applicable law < /a > /strong > /p >

< p > 1. on the parties' ability to perform.

China's negotiable instrument law clearly stipulates the civil capacity of the debtor of a negotiable instrument and applies its own laws.

Where the law of the people's Republic of China is in full capacity for civil conduct in accordance with the law of the place of conduct in accordance with the law of the people's Republic of China in accordance with the law of the people's Republic of China, the law of the place of action is applicable.

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< p > 2. on the bill < a href= "http://? www.91se91.com/news/index_c.asp" > behavior mode < /a >.

China's bill law explicitly stipulates that when the bill of exchange and the promissory note are recorded, the law of the place of issue shall be applied. When the check is issued, the law of the place of issue shall be applied, and the law of the place of payment may also be applied through the agreement of the parties; and the act of endorsement, acceptance, payment and guarantee shall apply to the law of the place of execution.

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< p > 3. on the exercise and preservation of the rights of negotiable instruments.

China's bill law explicitly stipulates the time limit for exercising the right of recourse and applies the law of the place of issue. The time limit for the presentation of a bill, the way to refuse to prove it, and the time limit for issuing a proof of rejection are applicable to the law of the place of payment; when the bill is lost, the procedure for the holder to claim the right to reserve the bill is applicable to the law of the place of payment.

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