Menu English Ukrainian russian Home

Free technical library for hobbyists and professionals Free technical library


Lecture notes, cheat sheets
Free library / Directory / Lecture notes, cheat sheets

Civil law. Part II. Collection settlements (the most important)

Lecture notes, cheat sheets

Directory / Lecture notes, cheat sheets

Comments on the article Comments on the article

Table of contents (expand)

91. COLLECTION SETTLEMENTS

When calculating for collection the bank (issuing bank) undertakes, on behalf of the client, to carry out at the expense of the client actions to receive payment and (or) acceptance of payment from the payer (clause 1 of article 874 of the Civil Code).

The issuing bank, having received documents from the client, begins the procedure collection himself or sends them to the executing bank. In the absence of any document or inconsistency of documents on external signs with the collection order, the executing bank is obliged to immediately notify the person from whom the collection order was received. In the event that these shortcomings are not eliminated, the bank has the right to return the documents without execution (clause 2 of article 875 of the Civil Code). The documents are submitted to the payer in the form in which they are received, with the exception of the marks and inscriptions of the banks required to complete the collection transaction.

Period payment of documents can be: upon presentation or on time. The received (collected) amounts must be immediately transferred by the executing bank to the disposal of the issuing bank, which is obliged to credit these amounts to the client's account. The executing bank has the right to withhold from the collected amounts the remuneration due to it and reimbursement of expenses (clause 5 of article 875 of the Civil Code).

If payment and (or) acceptance were not received, the executing bank is obliged to immediately notify the issuing bank of the reasons for non-payment or refusal of acceptance. The issuing bank is obliged to immediately inform the client about this, asking him for instructions on further actions. If such instructions are not received within the period established by banking rules, and in the absence of such instructions within a reasonable time, the executing bank has the right to return the documents to the issuing bank (Article 876 of the Civil Code).

In case of non-execution or improper execution of the client's order, the issuing bank bears to him responsibility on the grounds and in the amount provided for in Sec. 25 GK. If non-execution or improper execution of the client's order occurred due to violation of the rules for settlement transactions by the executing bank, responsibility before the client can be assigned to this bank (clause 3 of article 874 of the Civil Code).

<< Back: Payments by checks

>> Forward: The concept, characteristics, elements and types of a simple partnership agreement

We recommend interesting articles Section Lecture notes, cheat sheets:

Methods of teaching psychology. Lecture notes

National history. Crib

Finance, money circulation and credit. Crib

See other articles Section Lecture notes, cheat sheets.

Read and write useful comments on this article.

<< Back

Latest news of science and technology, new electronics:

The existence of an entropy rule for quantum entanglement has been proven 09.05.2024

Quantum mechanics continues to amaze us with its mysterious phenomena and unexpected discoveries. Recently, Bartosz Regula from the RIKEN Center for Quantum Computing and Ludovico Lamy from the University of Amsterdam presented a new discovery that concerns quantum entanglement and its relation to entropy. Quantum entanglement plays an important role in modern quantum information science and technology. However, the complexity of its structure makes understanding and managing it challenging. Regulus and Lamy's discovery shows that quantum entanglement follows an entropy rule similar to that for classical systems. This discovery opens new perspectives in the field of quantum information science and technology, deepening our understanding of quantum entanglement and its connection to thermodynamics. The results of the study indicate the possibility of reversibility of entanglement transformations, which could greatly simplify their use in various quantum technologies. Opening a new rule ... >>

Mini air conditioner Sony Reon Pocket 5 09.05.2024

Summer is a time for relaxation and travel, but often the heat can turn this time into an unbearable torment. Meet a new product from Sony - the Reon Pocket 5 mini-air conditioner, which promises to make summer more comfortable for its users. Sony has introduced a unique device - the Reon Pocket 5 mini-conditioner, which provides body cooling on hot days. With it, users can enjoy coolness anytime, anywhere by simply wearing it around their neck. This mini air conditioner is equipped with automatic adjustment of operating modes, as well as temperature and humidity sensors. Thanks to innovative technologies, Reon Pocket 5 adjusts its operation depending on the user's activity and environmental conditions. Users can easily adjust the temperature using a dedicated mobile app connected via Bluetooth. Additionally, specially designed T-shirts and shorts are available for convenience, to which a mini air conditioner can be attached. The device can oh ... >>

Energy from space for Starship 08.05.2024

Producing solar energy in space is becoming more feasible with the advent of new technologies and the development of space programs. The head of the startup Virtus Solis shared his vision of using SpaceX's Starship to create orbital power plants capable of powering the Earth. Startup Virtus Solis has unveiled an ambitious project to create orbital power plants using SpaceX's Starship. This idea could significantly change the field of solar energy production, making it more accessible and cheaper. The core of the startup's plan is to reduce the cost of launching satellites into space using Starship. This technological breakthrough is expected to make solar energy production in space more competitive with traditional energy sources. Virtual Solis plans to build large photovoltaic panels in orbit, using Starship to deliver the necessary equipment. However, one of the key challenges ... >>

Random news from the Archive

Sport bracelet Realme Band 2 17.09.2021

Realme has announced a new fitness tracker. The novelty is called Realme Band 2. Its cost is $40. Later it will also enter the European market.

Externally, the novelty has several differences from its predecessor and is more like a smart watch. The screen size is 1,4 inches. The case is protected from moisture. There are also 50 different watch faces available. Upon purchase, users will receive 14 sports modes, but after a while their number will increase to 90.

The bracelet measures blood oxygen levels, heart rate, monitors sleep and stress levels. Also, the device can remind you that it's time to move and drink water. The Realme Band 2 fitness bracelet has a 204 mAh battery. One charge will last up to 12 days of battery life.

Other interesting news:

▪ Virus against girls

▪ New digital camera reference design announced

▪ An artificial synapse for an artificial brain

▪ Tourism is the main cause of a possible environmental disaster

▪ Worms that eat plastic

News feed of science and technology, new electronics

 

Interesting materials of the Free Technical Library:

▪ site section Batteries, chargers. Article selection

▪ article Revolutionary keep pace, the restless enemy does not sleep. Popular expression

▪ article What is the density of the rarefied matter? Detailed answer

▪ article Manchurian walnut. Legends, cultivation, methods of application

▪ article A simple battery discharge device. Encyclopedia of radio electronics and electrical engineering

▪ article Increasing the power regulator of the soldering iron. Encyclopedia of radio electronics and electrical engineering

Leave your comment on this article:

Name:


Email (optional):


A comment:





All languages ​​of this page

Home page | Library | Articles | Website map | Site Reviews

www.diagram.com.ua

www.diagram.com.ua
2000-2024