Discuss Of The Notes Prescription System

Notes， which regarded as the traditional financial instrument， are both bankcredit and commercial credit. With the development of commodity economy， theevolving market economy and improvement of the notes is confirmed to a certainstage of economic development. It promoted social and economic development.Socio-economic development while also promoted the notes and other relatedindustries and made it prosperous.This dissertation will explain the notes system from three aspects：In the first part， author will start from the conception of notes， before that，prescription the origin of its development must be referred， namely， civilprescription. There are some connection and differences between the civil prescriptionand notes prescription.So author will discuss notes prescription’s conception andcharacteristics.The second part, the combining theory with practice, points out that the defectsof the system of bill and analysis and theoretical analysis, first of all, from their ownnature of the negotiable defects analysis, and specific to the relevant provisions of thebill, prescription, including starting point, interrupt and the effectiveness of the period.Second, the author found in the practice of the law appeared with the payment andsettlement way "of the conflict between this part will focus on the law. Finally，author will analyses the theoretical reasons and then avoid a recurrence of suchproblems in practice.In the third part， through the first and second parts of the theory and practicalanalysis to identify China’s Negotiable Instruments Law legislation and lawenforcement flaws， therefore， an urgent bill is to improve our aging system. Inaccordance with internal and external to the philosophical theory of integration，respectively， from the internal and external， respectively， improve our paperprescription system. Internally， Negotiable Instruments Law to improve their ownlegislation， including bills re-positioning and the specific nature of the limitation of the right notes clearly three kinds of time-related requirements. Externally， we mustimprove our entire legislative system，The bill contains specific about the negotiableof limitation to relevant regulations and modify the payments and settlement rulesconcerning limitation policy.This article is intended to find practical problems through theoretical analysis，the theory of modification through to avoid the real problems， so as to make ournotes prescription system to conform to social development， give full play to noteprescription social values and improve socio-economic development.