A Study On The Legal Problems Of Paper Pledge

Negotiable instrument is proudly known as "the father of negotiable securities", because it is the very first and most symbolic securities. Because of its great liquidity and convenience, it is therefore an ideal kind of popular pledge. Regulations in all on negotiable instrument pledge is complex, includes a great deal of legal adjustments. Most countries mainly focus on civil commercial law, while certain countries and regions dedicate the negotiable instruments law to make special adjustment. In term of this problem, there is a big contradiction between the provisions of the law in China, which caused a lot of trouble to judicial practice, to establishment of the credit system of market economy. It is also not conducive to the transaction security. Therefore, the study of related issues of the system of bill pledge is rather meaningful for it provides guidance and help in regard to practice.