Theory Of Paper WuYinXing

Abstract principle of negotiable instrument is the soul of the free circulation ofbills, bills plays an important role, but also greatly promoted the development of socialeconomy. In order to guarantee the circulation of negotiable instruments, all countries inthe world have established the bills without due principles, and carry out to theirown bill system, practice has proved, the abstraction is the creation and establish.China’s "negotiable instruments law" on the provisions of the principle of thenegotiable instrument is fuzzy, in the application of the negotiable instrumentlaw of negotiable instrument legislation, because of the uncertainty, caused theconfusion of judicial practice, reflected in the circulation, triggered bybill acceptance, discount and other activities of the dispute case. Therefore, to amendthe relevant laws and regulations of our country, perfecting the legal systemof negotiable instruments in our country is very necessary. The main body is dividedinto four parts:The first part of the negotiable instrument theory are summarized, mainlyintroduces the concept of negotiable instrument, the bill without reasons because theinstrument theory content.The second part is about our country bill because no stipulation and the existenceof the defect, to building the country in China since bill legislation regulations wereintroduced, points out the deficiency in negotiable instrument legislation, includingbills without cause is not clear, the principle of negotiable instrument exceptions of toomuch, the bank’s business increased costs lead to negotiable instrument is affected andso on.The third part is mainly to the foreign legislative bills without due investigationabout sexual, the continental law system and Anglo American law count ries wereselected in several countries of Germany, France, Japan, the America provisionson notes of investigation and research, especially in the abstract principle of negotiableinstrument law provisions, these countries have established that principle, in whichGermany directly determine the bill absolutely no reason and the principle.The fourth part is about the principle of negotiable instrument measures, in view ofthe current imperfect place, it must be clear of bills without due thought the perfectionof negotiable instrument law system; limited exceptions of negotiable inst, given its proper review of obligations; improve the endorsement and defenselegislation, accelerate the bill circulation, so as to better play the notes in the social andeconomic activities in the role.