Excessive formalism in the Czech Bill of Exchange Case Law

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14220%2F18%3A00102222" target="_blank" >RIV/00216224:14220/18:00102222 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Excessive formalism in the Czech Bill of Exchange Case Law

Original language description

The analysis show that an interpretation based on the idea of "formal rigor", according to which the interpretation of the data in the bill is to be (or at least could be) stricter and more rigid than it is in conventional legal acts, can easily result in absurd and funny conclusions. If we really should take formal requirements for bills "strictly" it would need a more convincing argumentation than just repeating the mantra of rigor cambialis or applying it automatically. When interpreting the bill statements one should take into account their overall context and their typical meaning. An interpretation is to be done in principle objectively from the view of the potential acquirer of the bill. It should not, for its own sake, "punish" small formal errors or deficiencies which can be, with a little good will, resolved by preferring the bill validity (if it is not inconsistent with its nature of course). The Czech courts only start to deviate gradually from the formalist "dances" of the past two decades. One can only hope that most of the decisions presented above will become a remembrance to the fact that "rigor cambialis" concerning formal requirements of bills was not an appropriate metaphor for the characteristics of the bills but a confusing and unclear term that could justify even the most absurd conclusions.

Czech name

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Czech description

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Type

J_ost - Miscellaneous article in a specialist periodical

CEP classification

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OECD FORD branch

50501 - Law

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Jog Alam Politika

ISSN

2060-4580

e-ISSN

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Volume of the periodical

X.

Issue of the periodical within the volume

1

Country of publishing house

HU - HUNGARY

Number of pages

14

Pages from-to

59-72

UT code for WoS article

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EID of the result in the Scopus database

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