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Settlement Of Pecuniary Obligations By Commercial Papers In The Period Of Current Economic Crisis The Promissory Note

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  • Alexandru BULEARCĂ

    (Athenaeum University of Bucharest)

Abstract

The development of international trade has had as a consequence the expansion of possibilities of paying debt arising from the contractual relations and by exploiting the function of a payment instrument of debt securities. In this context it can be affirmed that the payment instruments meet the monetary functions, meaning that the creditor of the payment in a legal relation may be sated by using such an inscription, or he could deliver himself such an instrument to the payment debtor, establishing to him the obligation to pay at maturity the amount of the contract.

Suggested Citation

  • Alexandru BULEARCĂ, 2013. "Settlement Of Pecuniary Obligations By Commercial Papers In The Period Of Current Economic Crisis The Promissory Note," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 30(1), pages 227-242, June.
    • Handle: RePEc:ath:journl:v:30:y:2013:i:1:p:227-242
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