Bills of exchange and promissory notes: securities for mere mercantile use, common use or public use?

Abstract

This article focuses on the fact that from the legal point of view, securities are merely trade documents, which confirms that we are making reference to a business document since its relevance relies in making both the commercial transactions and the commercial flow more agile. In reality, the use of securities has lost value from what has been established by law; it has become so common that they are not only used at a trade level; any person with a financial commitment in the informal or individual market uses them with the purpose of guaranteeing a future payment. Securities are used as a mere payment guarantee, therefore the question: Bills of exchange and promissory notes: securities for mere mercantile use, common use or public use?

Entorno, mayo 2017, número 63: 45-47