A bill of exchange is a written promissory note in which the drawer undertakes to pay the specified amount of money to the holder of the bill. It can be a bearer, providing payment at sight. The document usually indicates at what time the amount of money must be transferred.
Instructions
Step 1
Draw up a bill of exchange without errors, only in this case it will be valid. In the event of disputes, the notary checks whether the debt document was drawn up correctly. Please note that the bill of exchange must have original signatures. The one whose signature is on the bill pays. If the debtor is an organization, the signature of the chief accountant and director is required. The presence of both signatures will confirm that the director should not personally. The trustee must submit documents confirming his right. Copies of documents must be with the holder of the bill.
Step 2
Keep track of the expiry date of the promissory note so that it does not expire. The legal guarantee to receive money from the drawer is to present the bill on time. Understand when the due date is.
Step 3
The starting point for bills of exchange at sight is the day the bill is drawn up. Payment on it can be made within a year. Sometimes the limitation may be the date before which the bill will not burn to be paid. Then the year is counted from the date before which the payment cannot be made.
Step 4
The place of payment is also indicated on the bill. If the place is not indicated, then payments are made at the place of drawing up the bill or according to the coordinates of the debtor. The holder of the bill of exchange has no right to demand payment in an unidentified place. The debtor's refusal to come to the wrong address and lay out the money will have legal grounds.
Step 5
If no one is going to pay on a bill of exchange presented on time, contact a notary. The notary will accept the bill to protest and oblige the debtor to appear and pay the debt. Contact a notary with a valid bill of exchange, that is, before it expires, within a year, when the payer must return the money.
Step 6
Failure to appear before a notary is a reason to go to court for the holder of the bill. On the bill of exchange, the notary fixes the default. The court must declare the bill of exchange valid for payment. The debt is repaid by the guarantors within three years.
