Legislator Case Law & Legislation
0009921 AI generated

Court confirms that negotiable instrument obligations arise only upon maturity, not issuance, and protest is not required for action against acceptor.

Case Number 0009921
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted

Legislator summary

AI generated

The Tribunal da Relação de Lisboa confirmed the lower court's decision regarding a negotiable instrument dispute. The plaintiff argued for immediate liability upon issuance, while the defendant contended that obligations only arise at maturity and that protest was unnecessary. The court ruled that the obligation to pay originates solely when the instrument's essential elements, including the maturity date, are fulfilled, and that an action against the acceptor does not depend on prior protest.

Legislator headnote

Official

TÍTULO DE CRÉDITO

Keywords

AI generated
negotiable instrument obligations maturity date requirement protest necessity acceptor liability issuance vs maturity commercial law principles LULL provisions

Cited Legislation

AI generated
LULL Art. 1
LULL Art. 2
LULL Art. 34
LULL Art. 53
LULL Art. 70
LULL Art. 76
LULL Art. 77

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Full text

[Nº CONVENCIONAL] JTRL00004607

[Nº DO DOCUMENTO] RL199603050009921

[PRIVACIDADE] 1

[TEXTO INTEGRAL] N

[URL] https://www.dgsi.pt/jtrl.nsf/33182fc732316039802565fa00497eec/A61C4C6D8C71663E80256803000410F2?OpenDocument

SUMÁRIO

I - A obrigação cambiária apenas nasce quando preenchido o título com todos os seus elementos essenciais, entre os quais a data de vencimento ou pagamento, e não no momento da emissão.

II - A acção cambiária contra o aceitante ou subscritor não está dependente de protesto.