Rules of financial protest

Abstract

The importance of commercial paper emerged through its various functions, such as being a tool of credit and loyalty. However, this payment may not be realized in all cases. Withdrawal may withhold the amount of the commercial paper on the due date for any reason, as if it had not received payment or was unable to meet.

In order to guarantee the rights of the holder of the commercial paper (beneficiary) to refer to the drawee (debtor), the legislator has organized the rights of the holder and its extent in the face of the drawee and the drawer and other guarantors, provided that he has already returned to the drawee, The bearer attributed to the drawee financial protest, the latter plays an important role in the life of the commercial paper in the performance of economic functions on the one hand, on the other hand its importance to the paper holder and the preservation of his rights to return on the drawer and other guarantors .