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00A3779 AI generated

Court holds that multiple endorsers on a bill of exchange need not specify individual endorsement details if the formula covers all. Verdict: allowed.

Case Number 00A3779
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court allowed the plaintiff's claim regarding the validity of a bill of exchange endorsed by multiple parties. The defendant argued that each endorser must explicitly state their individual intent and identity, but the plaintiff contended that the standard formula suffices for all. The court ruled that when multiple signatures appear after the phrase 'by guarantee to...', this expression legally binds all signatories to the same guarantee obligation without requiring individual declarations.

Legislator headnote

Official

LIVRANÇA AVAL

Keywords

AI generated
bill of exchange endorsement validity multiple endorsers guarantee obligation LULL Article 31 signature interpretation commercial paper

Cited Legislation

AI generated
LULL Art. 31

Cited Case Law

AI generated
STJ Decision of 20/07/1965, BMJ N149, p.40

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Full text

[Nº CONVENCIONAL] JSTJ00040934

[Nº DO DOCUMENTO] SJ20010123037791

[PRIVACIDADE] 1

[PROCESSO NO TRIBUNAL RECURSO] 771

[TEXTO INTEGRAL] N

[TRIBUNAL RECURSO] T REL COIMBRA

[URL] https://www.dgsi.pt/jstj.nsf/954f0ce6ad9dd8b980256b5f003fa814/CAD9800EAE06663780256ADA003D79EB?OpenDocument

SUMÁRIO

I- A LULL não exige que, no caso de pluralidade de avalistas, a assinatura de cada um seja precedida da expressão de que pretende dar de aval e por quem o presta.

II- Constando do verso de uma livrança mais que uma assinatura a seguir às palavras «por aval a...», esta fórmula exprime a vontade dos mesmos em darem o seu aval a esse avalizado.