Notes Flaws Of Legal Regulation

Bill is one kind of valuable security: In accordance with law of negotiable instrument, drawer pays an amount of money or entrust other people to pay an amount of money to the holder of a bill unconditionally. Bill is important in the development of our national economy, but because of some objective factors, Chinese law of negotiable instrument is not very consummate. In this article, in order to draw lesson from successful experiences of the legislation of foreign countries and the region of Taiwan, and eliminate the flaw of our legislation, the writer tries to compare Chinese law of negotiable instrument with the legislation of foreign countries and the region of Taiwan, especially two major commercial paper law systems on the starting point of the system of defect in bill.The first section is the basic theory of defect in bill. In order to analyse the system of defect in bill, first of all, we should know its basic theory. Researching the system of defect in bill pertinently is provided with realistic value and academic value.The second section is the comparison analyse about the system of defect in bill in legislation of foreign countries and the region of Taiwan. This section is the emphases and difficulty of this article. Chinese law of negotiable instrument is enacted later than other countries; so it is ineluctable that the law is not very consummate. The writer thinks we can draw lesson from successful experiences of legislation of foreign countries and the region of Taiwan that are good for the development of Chinese law of negotiable instrument.The third section is the suggestion to consummate the system of defect in bill. This section is the primary objective of this article. By comparing Chinese law of negotiable instrument with the legislation of...