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9450462 AI generated

Court confirms that a bill of exchange's prescription does not extinguish the underlying obligation, allowing direct action against the debtor.

Case Number 9450462
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court confirmed the lower court's judgment allowing the creditor to sue on the underlying obligation despite the bill of exchange being time-barred. The creditor argued that the fundamental debt remained valid even after the bill's prescription, while the opposing party contended the bill's expiration extinguished all claims. The court ruled that subscribing to a bill does not eliminate the primary obligation, permitting the creditor to proceed based on the fundamental debt in accordance with established Supreme Court precedent.

Legislator headnote

Official

OBRIGAÇÃO CAMBIÁRIA OBRIGAÇÃO SUBJACENTE NOVAÇÃO PRESCRIÇÃO

Keywords

AI generated
bill of exchange subscription underlying obligation extinction prescription of bill fundamental debt action commercial obligation validity

Cited Legislation

AI generated
CCIV Art. 66
LULL Art. 70

Cited Case Law

AI generated
AC RE DE 1976/06/18 IN CJ T2 ANOI PAG413
AC RL DE 1978/05/31 IN BMJ N279 PAG249

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Full text

[DATA DEC. RECORRIDA] 02/10/1994 [Nº CONVENCIONAL] JTRP00011721 [Nº DO DOCUMENTO] RP199412059450462 [PRIVACIDADE] 1 [PROCESSO NO TRIBUNAL RECORRIDO] 38/91 [TEXTO INTEGRAL] N [TRIBUNAL RECORRIDO] T J MACEDO CAVALEIROS [URL] https://www.dgsi.pt/jtrp.nsf/56a6e7121657f91e80257cda00381fdf/FFB46CE9A3B72FD28025686B00669EB0?OpenDocument

SUMÁRIO I - A subscrição de letra de câmbio não implica extinção da obrigação fundamental.

II - Extinta a acção cambiária por prescrição, o credor pode accionar o devedor com base na obrigação fundamental, de harmonia com o assento do Supremo Tribunal de Justiça de 8 de Maio de 1936, o qual se deve considerar ainda em vigor.