Legislator Case Law & Legislation
DE FR IT EN
Analyze in Legislator
079840 AI generated

Court holds that an acquirer of a letter of credit who pays it acquires the holder's rights against the drawer.

Case Number 079840
Court / Authority
Jurisdiction Portugal (PT)
Decision Date
Outcome Allowed / Granted
Open official source Machine-readable Markdown (.md)

Legislator summary

AI generated

The court unanimously granted the review, establishing that a payer of a letter of credit acquires the rights previously held by the holder against the drawer. The decision clarifies that upon payment, the acquirer steps into the holder's position regarding all resulting credit rights. This ruling relies on the legal presumption that possession of the instrument by the debtor implies payment has been made.

Legislator headnote

Official

AVAL AMBITO AVALISTA AQUISIÇÃO DE DIREITOS LETRA PRESUNÇÃO PAGAMENTO

Keywords

AI generated
Letter of Credit Acquisition of Rights Presumption of Payment Subrogation in Credit Portuguese Civil Code Change Position Debtor Possession

Cited Legislation

AI generated
Código Civil Português, Art. 1.104
Código Civil Português, Art. 1.105

Need to analyze how this precedent applies to your matter?

Cross-reference this judgment against statutes, commentaries, and subsequent citing case law inside Legislator AI.

Open in Legislator →

Full text

[Nº CONVENCIONAL] JSTJ00007592

[Nº DO DOCUMENTO] SJ199101240798402

[PRIVACIDADE] 1

[PROCESSO NO TRIBUNAL RECURSO] 956/89

[REFERENCIA DE PUBLICACAO] BMJ N403 ANO1991 PAG449

[TEXTO INTEGRAL] N

[TRIBUNAL RECURSO] T REL PORTO

[URL] https://www.dgsi.pt/jstj.nsf/954f0ce6ad9dd8b980256b5f003fa814/B5837B22CBFD552B802568FC0039B936?OpenDocument

SUMÁRIO

I - O dador do aval que paga uma letra adquire o direito que o portador tinha contra o avalizado e fica ainda investido nos direitos que da letra resultam para este, face a sua posição cambiaria.

II - Estando uma letra na posse de quem nela ocupa a posição de devedor, existe a favor do mesmo a presunção de que a tenha pago.