The Law of Commercial Paper

This chapter discusses the history of American commercial law covering the admiralty and general commerce, sale of goods, bankruptcy and insolvency, and contract. American commercial law was deeply and persistently in debt to England. Theoretically, even national sovereignty was no barrier. The laws of admiralty, marine insurance, commercial paper, and sale of goods were not, supposedly, parochial law, English law; they were part of an international body of rules. The law of sales of goods developed greatly in the first half of the nineteenth century. Many, if not most, of the leading cases were English and were adopted in the United States fairly rapidly. Two strains of law—contract and the law merchant—each with a somewhat different emphasis, were more or less godparents of the law of sales.

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The Law of Banks and Banking, including Acceptance, Demand and Notice of Dishonor upon Commercial Paper, with an Appendix Containing the Federal Statutes Applicable to National Banks

The Virginia Law Register ◽

10.2307/1098449 ◽

1900 ◽

Vol 6 (6) ◽

pp. 435

Author(s):

John M. Zane

Keyword(s):

Commercial Paper ◽

The Law ◽

Banks And Banking

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SISTEM HUKUM DALAM PENERBITAN DAN PERDAGANGAN COMMERCIAL PAPER (Telaah Terhadap Keterbatasan Kemampuan Hukum

Yustisia Jurnal Hukum ◽

10.20961/yustisia.v4i3.8702 ◽

2015 ◽

Vol 4 (3) ◽

Author(s):

Kingkin Wahyuningdyah

Keyword(s):

Law Enforcement ◽

Legal System ◽

Legal Certainty ◽

Commercial Paper ◽

Trading Activities ◽

The Law

AbstractThis paper aims to examine how the legal ability of the legal system of Commercial Paper in achieving the objectives of the law. The study needs to be undertaken, given the legal system should ideally have the ability to achieve the objectives of the law in support of law enforcement. The conclusion summarizes that overall existing legal system in Commercial Paper trading activities has limited law capability, because it only resolves legal certainty, while other objectives such as justice and expediency has not achieved by all elements of the existing legal system.Keywords: commercial paper, legal ability, legal systemAbstrak Tujuan penulisan makalah ini adalah untuk mengkaji bagaimana kemampuan hukum dari sistem hukum Commersial Paper dalam mencapai tujuan hukum. Hal ini perlu untuk dilakukan, mengingat sistem hukum idealnya memiliki kemampuan dalam mencapai tujuan hukum guna mendukung penegakan hukum. Kesimpulan hasil pembahasan terhadap permasalahan yang diajukan tersebut adalah bahwa secara keseluruhan sistem hukum yang ada dalam kegiatan perdagangan CP memiliki keterbatasan kemampuan hukum karena baru dapat mencapai tujuan kepastian hukum saja, sedangkan tujuan hukum lainnya, yakni keadilan dan kemanfaatan belum dapat dicapai oleh seluruh unsur sistem hukum yang ada.Kata kunci: sistem hukum, commercial paper, kemampuan hukum

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McMaster's Irregular and Regular Commercial Paper. A Treatise on the Law of Notes, Checks and Drafts

Michigan Law Review ◽

10.2307/1272429 ◽

1904 ◽

Vol 2 (8) ◽

pp. 738

Author(s):

Robert E. Bunker ◽

J. S. McMaster

Keyword(s):

Commercial Paper ◽

The Law

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The Uniform Commercial Code—Commercial Paper: An Outsider's View, Part 1

Israel Law Review ◽

10.1017/s0021223700017416 ◽

1968 ◽

Vol 3 (1) ◽

pp. 7-49

Author(s):

Aharon Barak

Keyword(s):

Strict Adherence ◽

Legal Development ◽

Binding Force ◽

First Case ◽

Commercial Code ◽

Commercial Paper ◽

The Common ◽

The Law ◽

Anglo American ◽

American Legal System

The development of the law relating to bills of exchange in the Anglo-American legal system provides an instructive example of the interdependence of the judicial and legislative functions in legal development. The groundwork consists of over 2,500 cases concerning bills decided in England since 1602, when the first case on bills was decided by the common law courts. These decisions were based on the custom of merchants—whether in England or abroad—and on the writings of jurists from commercially advanced countries. Notwithstanding the great number of decided cases, the law was mostly uniform, owing to the judges' inclination to follow rulings given by their brethren and their desire to retain the uniformity of customary mercantile law. In 1882 the law in England was cast in statutory form and this was copied in toto, with minor changes, by many legal systems, including Canada, Australia, New Zealand, South Africa, Ceylon, Cyprus and Palestine. Both in England and in countries which adopted the statute only few amendments have been made, thereby lending weight to Mackinon L.J's dictum that the English Bills of Exchange Act is the best law ever enacted by the British Parliament. Indeed, the drafting is clear and effective and has given rise to comparatively little litigation both in England and abroad. Whenever called upon to construe the Act, the English courts have usually interpreted it literally, with strict adherence to the letter of the law, and this interpretation was followed by other courts, whether by reason of the binding force of precedents or in order to maintain uniformity in the law. A monolithic system was thus created, based on a literal interpretation of the Act.

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الأوراق التجارية (قصيرة الأجل) أهميتها، وبيان جذرها الشرعي والمقاصدي (Commercial paper (short-term) importance and the statement of its root and legitimate Makassed)

Journal of Islam in Asia (E-ISSN: 2289-8077) ◽

10.31436/jia.v17i2.969 ◽

2020 ◽

Vol 17 (2) ◽

pp. 90-107

Author(s):

عبد المجيد عبيد حسن صالح ◽

حبيب الله زكريا ◽

أول آدم سعد

Keyword(s):

Descriptive Analysis ◽

Private Law ◽

Analysis Method ◽

Legal Origin ◽

Short Term ◽

Commercial Paper ◽

The Law

يناقش البحث صيغا جديدة من الصيغ المعاصرة في التبادلات المالية (الأوراق المالية قصيرة الأجل). وبعد التعريف بها وبيان أصلها الشرعي، تناولت الدراسة البعد المقاصدي لهذه الأوراق المالية، وإذا كان قصد مشرعي القانون الخاص من هذه الأوراق السرعة، والائتمان، والتوثيق، فهذه المقاصد تتفق مع قصد الشارع من استيفاء الحقوق، وحفظ الأموال، ومبدأ التوثيق العام، كما تنطلق من روح الاقتصاد الإسلامي، من حرية السوق والتنافس، والتيسير في المعاملات التجارية، وكسر الحواجز بين الطبقات، وسرعة تبادل المال وتنقله، وتحريم الإكتناز، والوضوح والشفافية التي تعتبر معيار لصحة العقد وبركته، فالمعاملات المتكررة لها خصوصية في التشريع الفقهي الذي يتوافق مع متطلبات السوق، وحركته في العامة. وقد استخدم الباحث المنهج الوصفي التحليلي، بمناقشة المنتج المالي وبيان مفهومه، ثم جذره المقاصدي، وتحليل نصوص الشارع في ذلك، وبيان قصد الشارع من هذه الأوراق المالية. الكلمات المفتاحيّة: الأوراق التجارية (الكمبيالة، سندات لأمر، الشيك)، العرف التجاري، الائتمان، التوثيق، التبادل. Abstract The research discusses new forms of contemporary formulas in financial exchanges (short-term securities). After the definition and stating their legal origin, the study examined the intent dimensions of these securities. If the intention of the private law legislators of these securities is to quickness, credit, and documentation, thus, these purposes are in line with the legislator's intends to fulfill the rights, preserve the funds, and the principle of public documentation. It is also in line with the spirit of the Islamic economy, of market freedom, and competition, to facilitate trade transactions, to break down barriers between classes, the speed of exchange and transfer of money, the prohibition of hoarding, clarity, and transparency that are a criterion for the validity of the contract And his blessing. The repeated transactions have specificity in the jurisprudential legislation that corresponds to the requirements of the market, and its movement in public. The researcher used the descriptive-analysis method by discussing the financial product and explaining its concept. Its intent root, and analyzing the legislator texts in that, and explaining the intent of the law-giver from these securities. Keywords: Business papers, bills to order, check, trade usage, credit, documentation, exchange.

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