1- Assistant Professor. Faculty of Law and Political. Shiraz University
Abstract: (12024 Views)
Parvize Ameri
Assistant Professor, Faculty of Law and Political, Shiraz University
Habibe Taleb Ahmadi
Assistant Professor, Faculty of Law and Political, Shiraz University
Check is, as a commercial instrument, a means of payment and it is payable on demand. The stated date in the check is the date of issuance although it is very usual in economic relations to draw the postdated checks. If the postdated check is endorsed and the holder wants, to draw it and the check on presentment is not paid, to sue the endorser, he must exercise his right of recourse against the endorser, He has to demand the payment in due time at the drawee bank. In accordance with the principles and the rules governing commercial instruments (documents) and the appearance theory and Jurisprudence, the date from which the draw time begins, shall be the date stated on the check as the date of issuance although it is not the actual date of issuance.
Received: 2012/04/30 | Accepted: 2012/04/30 | Published: 2012/04/30