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Contents
Article 535
A promissory note shall contain:
- 1.
- the title "promissory note" in the text of the document in the language in which the document has been written;
- 2.
- unconditional promise for payment of a certain sum of money;
- 3.
- maturity;
- 4.
- place of payment;
- 5.
- name of the person to whom or to whose order the sum must be paid;
- 6.
- date and place of issue;
- 7.
- signature of the drawer.
Incomplete Contents
Article 536
- (1)
- A document which does not contain some of the requisites listed under Article 535, shall not be promissory note, except for the cases specified under paragraphs 2, 3 and 4.
- (2)
- A promissory note in which no maturity date has been indicated shall be considered payable upon presentation.
- (3)
- The place of issue shall be assumed to be the place of payment and place of residence of the drawer, unless otherwise agreed.
- (4)
- A promissory note in which no place of issue has been indicated, shall be assumed issued at the place indicated next to the name of the drawer.
Reference to the provisions on the bill of exchange
Article 537
The provisions on the bill of exchange shall apply mutatis mutandis, inasmuch as compatible to its nature, to the promissory note.
Obligations of the drawer
Article 538
- (1)
- The drawer of a promissory note shall be liable in the same way as the drawee of the bill of exchange.
- (2)
- A promissory note payable within a certain time period following the presentation, must be presented to the drawer pursuant to the terms under Article 477. The drawer shall certify on the document its presentation, write the date and put his signature. The time period after the presentation shall commence from the date certified by the drawer on the note. The refusal of the drawer to certify the presentation or to write the date shall be ascertained by protest pursuant to Article 496, the date of which shall be considered the beginning of the time period after presentation.
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