SETTLEMENT OF PECUNIARY OBLIGATIONS BY COMMERCIAL PAPERS IN THE PERIOD OF CURRENT ECONOMIC CRISIS THE PROMISSORY NOTE

Alexandru Bulearcă ()
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Alexandru Bulearcă: Athenaeum University of Bucharest

Internal Auditing and Risk Management, 2013, vol. 30, issue 1, 227-242

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.

Keywords: payment; payment instruments; debt securities; promissory note (search for similar items in EconPapers)
Date: 2013
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