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Article L131-30 of the French Monetary and Financial Code

The guarantor is bound in the same way as the person he has guaranteed. His undertaking is valid even if the obligation he has guaranteed would be null and void for any reason other than a formal defect. When he pays the cheque, the guarantor acquires the rights resulting from the cheque against the guaranteed party and against those who are liable to the guaranteed party by virtue of the…

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Article L131-32 of the French Monetary and Financial Code

Cheques issued and payable in mainland France must be presented for payment within eight days. Cheques issued outside mainland France and payable in mainland France must be presented for payment within twenty days or seventy days, depending on whether the place of issue is in or outside Europe. For the purposes of the previous paragraph, cheques issued in a country bordering the Mediterranean are deemed to have been issued in…

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Article L131-35 of the French Monetary and Financial Code

The drawee must pay even after the expiry of the presentation period. He must also pay even if the cheque was issued in breach of the injunction provided for in Article L. 131-73 or the prohibition provided for in the second paragraph of Article L. 163-6. Payment by cheque may only be stopped in the event of loss, theft or fraudulent use of the cheque, or in the event of…

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Article L131-37 of the French Monetary and Financial Code

The drawee may require payment of the cheque by the bearer. The bearer may not refuse partial payment. If the provision is less than the amount of the cheque, the bearer has the right to demand payment up to the amount of the provision. In the event of a partial payment, the drawee may demand that this payment be mentioned on the cheque and that a receipt be given. This…

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Article L131-39 of the French Monetary and Financial Code

Where a cheque is payable in a currency that is not a legal tender in France, the amount of the cheque may be paid, within the time limit for presentation of the cheque, on the basis of its value in euros on the day of payment. If payment has not been made when the cheque is presented, the bearer may, at his or her option, request that the amount of…

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