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0408919 AI generated

Portuguese court confirms that a company is not bound by a simple signature on a bill of exchange without the manager's explicit title.

Case Number 0408919
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The Tribunal da Relação do Porto confirmed the lower court's decision regarding a dispute over a bill of exchange signed by a company. The appellant argued that a simple signature on the bill created a binding obligation for the company, while the defense contended that proper corporate authority was lacking. The court ruled that under the Commercial Companies Code, only a manager's signature with their specific title binds the company, rendering the simple signature invalid and the obligation non-existent.

Legislator headnote

Official

SOCIEDADE POR QUOTAS ASSSINATURA FIRMA LETRA ACEITE NULO POR FALTA DE FORMA AVAL SUBSISTÊNCIA DA OBRIGAÇÃO

Keywords

AI generated
Commercial Companies Code Bill of Exchange Corporate Authority Manager Signature Binding Obligation Formal Defect Limited Liability Company

Cited Legislation

AI generated
Article 260, paragraph 4 of the Commercial Companies Code
Article 32, paragraph 2 of the Negotiable Instruments Law

Cited Case Law

AI generated
STJ Decision of 1988/03/09, published in BMJ N375, page 385

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Full text

[Nº CONVENCIONAL] JTRP00001065

[Nº DO DOCUMENTO] RP199004190408919

[PRIVACIDADE] 1

[TEXTO INTEGRAL] N

[TRIBUNAL RECORRIDO] T J V N GAIA

[URL] https://www.dgsi.pt/jtrp.nsf/56a6e7121657f91e80257cda00381fdf/5D5172D9DA76CDD88025686B00668ACB?OpenDocument

SUMÁRIO

I - Pelo artigo 260 n. 4 do Código das Sociedades Comerciais, os gerentes de sociedade por quotas vinculam a sociedade, em actos escritos, apondo a sua assinatura com indicação dessa qualidade, pelo que desapareceu, como forma de vinculação, a assinatura com a firma.

II - O aceite em letra de câmbio, em nome da sociedade, com a simples assinatura da firma, não é susceptível de a vincular, por vício de forma.

III - Nessa hipótese, e ainda que se tratasse de inexistência do aceite, não subsiste a obrigação decorrente do aval dado a favor do aceitante.