Publication details
Neřád na řad?
| Title in English | Disorder to the order? |
|---|---|
| Authors | |
| Year of publication | 2013 |
| Type | Article in Periodical |
| Magazine / Source | Obchodní právo |
| MU Faculty or unit | |
| Citation | |
| Web | http://www.oppravo.cz/zakladni-informace/2013 |
| Field | Law sciences |
| Keywords | bill of exchange; promissory note; endorsement |
| Description | The author deals with the consumer protection during payment and securing by bill of exchange (or promissory) governed by former Sec. 12 of the Act on Consumer Credits. If consumer pays the consumer credit by the means of a bill of exchange or cheque, or if the payment is secured by them, the creditor is obliged to act in such a way to keep all the rights of the consumer arising from the agreement on consumer credit. Practical consumer protection requires ”new approach” to the bill of exchange and promissory. Most recent decisions of Czech courts bring surprising conclusions to the topic when prohibiting the issue of a bill of exchange drawn to the order of the creditor. The article provides analysis of the decisions, their implications and the reaction to them. |