How to ship Shopee virtual products?

By Ultraman

There are actually quite a lot of sellers opening stores on Shopee now. Many sellers choose the physical product category, but some sellers also fancy the market of virtual products. So, how to ship virtual products on Shopee? This article will introduce it. When everyone has a store, the official will issue a document, which…

General Transfer Endorsement

By Ultraman

① Full endorsement. Full endorsement is also called registered endorsement or formal endorsement. According to the provisions of the Bills of Exchange Law, full endorsement needs to record the words “pay to the designated person named by the endorsee”, and the endorsee needs to sign and seal. For example: Pay B (endorser), A (signature) x…

Exercise of the right of recourse to bill of exchange

By Ultraman

The exercise of the right of recourse for a bill of exchange must meet both substantive and formal requirements, so that the holder can exercise the right of recourse in accordance with the law. The substantive requirements include two aspects: first, the holder of the bill of exchange must be a legal holder and the…

Bill of exchange behavior – pursuit

By Ultraman

Recourse refers to the act of the holder requesting the previous endorser or drawer to repay the amount and expenses of the bill when the bill is refused to be paid. The holder or endorser must exercise his right of recourse within the statutory period, otherwise he will lose his right of recourse. The British…

Scope of application of bill acceptance

By Ultraman

The purpose of bill acceptance is to determine the rights and obligations of the parties to a bill, but not all bills need to be accepted. Therefore, after obtaining a bill, the holder should understand the scope of acceptance, that is, understand which types of bills need to be accepted and which types of bills…

Special Transfer Endorsement

By Ultraman

Special transfer endorsement. Special transfer endorsement is no different from general transfer endorsement in form, but the effect is different. This endorsement usually includes restrictive endorsement, conditional endorsement and collection endorsement. ① Restrictive endorsement. Restrictive endorsement refers to the type of endorsement that prohibits the further transfer of the bill of exchange or only indicates…

Types of Bills of Exchange

By Ultraman

The definition of a bill of exchange given in my country’s “Bills of Exchange Law” is: a bill of exchange is issued by the drawer, entrusting the payee to unconditionally pay a certain amount of money to the payee or holder upon sight of the bill or on a specified date. The definition of a…

General transfer endorsement matters to be recorded when endorsing

By Ultraman

General transfer endorsement, the endorser can usually record any of the following items when endorsing. ① Recording of endorsement date. The endorsement date can be recorded or not, which is the legal provision of most countries including my country. The Geneva Uniform Bills of Exchange Law stipulates that if the endorsement does not record the…

Types of Bill of Exchange Acceptance

By Ultraman

Acceptance refers to a promise made by the payee of a time bill of exchange to sign on the bill of exchange, indicating that the amount of the bill of exchange will be paid on the due date and recorded on the front of the bill of exchange. Acceptance is a legal system unique to…