Document Type : Original Article

Author

• Seyyed Hasan Hoseini Moghadam

Assistant Professor, Department of Private Law, Faculty of Law and Political Science, University of Mazandaran, Babolsar, Iran.

Abstract

In addition to the holder of commercial paper right to collect certain other rights, such as the endorsement, amending the amount contained in the document and referring to the payment of partnership to all are important. Against the rights of individuals must undertake certain tasks on their own the payment. In this article, there is a question that If an agreement between the holder and some or all subsequent holders or all responsibles for payment, changes of holder,s rights such as avoiding liability partnerships, non-re-endorsement and increase or decrease the amount about to responsible for payment that didn,t involve in the agreement, are effective or not. Clearly, In some cases, these agreements impose additional liability or inconsistent with the rights of persons who are not in agreement or in other cases maybe consenting is inconsistent with the essence of legal institution , therefore is not valid. But generally, such agreement under some Civil Code rules shall be considered binding in the realm of commercial documents.

Keywords

• Commercial paper
• Mutual consent
• Holder
• Endorser Liability
• partnerships