Research On The Supplementary Right Of Incomplete Instrument

Incomplete instrument developed from commercial activities,it has extremely strong vitality.Hence,it gained its legal position in the most of countries and international conventions.As an important concept,the supplementary right is the core of the incomplete instrument system.Provisions of incomplete instrument and its supplementary right,which are in the Negotiable Instruments Law of China,are very simple.And actually can not be able to meet the needs of the development of market economy.The paper which is based on the theory of negotiable instruments,combined with foreign rules,do deep analysis on the theoretical basis,obtaining standard,exercise period,legal effect and so on.In my opinion,we should adopt the theory of “authorization”,and argue that the obtaining standard of the supplementary right is “objectivism”.Finally,this paper pays attention to the similar situation in China and gives some suggestions on the law reforming.