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064144 AI generated

Endorsement of a protested bill after default is valid without notification to the acceptor.

Case Number 064144
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court ruled that an endorsement of a bill protested for non-payment, which functions as an ordinary credit assignment, does not require formal notification to the acceptor. The plaintiff argued that such notification was necessary to perfect the transfer of rights under the Uniform Law on Bills of Exchange. The court held that since the endorsement operates as an ordinary assignment of credit, the strict formalities for notification do not apply.

Legislator headnote

Official

LETRA ENDOSSO PROTESTO FALTA DE PAGAMENTO CESSÃO DE CREDITO NOTIFICAÇÃO

Keywords

AI generated
bill of exchange protest for non-payment endorsement validity ordinary assignment of credit notification to acceptor Uniform Law on Bills commercial law procedure

Cited Legislation

AI generated
Art. 20 da Lei Uniforme relativa as letras e livranças

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Full text

[Nº CONVENCIONAL] JSTJ00006255

[Nº DO DOCUMENTO] SJ197210130641442

[PRIVACIDADE] 1

[REFERENCIA DE PUBLICACAO] BMJ N220 ANO1972 PAG189

[TEXTO INTEGRAL] N

[URL] https://www.dgsi.pt/jstj.nsf/954f0ce6ad9dd8b980256b5f003fa814/38014EB8DBB8FE04802568FC0039A0C5?OpenDocument

SUMÁRIO

O endosso de uma letra posterior ao protesto por falta de pagamento, tendo embora os efeitos de uma cessão ordinaria de creditos nos termos do artigo 20 da Lei Uniforme relativa as letras e livranças, não esta sujeito a forma desta pelo que não carece de ser notificado ao aceitante.