The AI workspace for legal professionals

  • Legal research with access to more than 1 million sources
  • Document automation
  • Matter management
  • Hosted in the EU and Switzerland

Try it free for 14 days (10 questions/day during trial)

Try for freeBook a demo
Back to law

Art. 979

220COFederal ActJan 1, 1912Original source
  1. Against a claim deriving from a bearer security, the obligor may plead only such defences as contest the validity of the instrument or arise from the instrument itself and those available to him personally against the respective obligee.
  2. Defences based on the direct relations between the obligor and a former bearer are admissible where the bearer intentionally acted to the detriment of the obligor when acquiring the security.
  3. The obligor may not plead the defence that the instrument entered circulation against his will.

0 commentaries

No commentaries are available for this article yet.

Continue your research in ChatGPT or Claude

Connect Omnilex to search the legal corpus from your AI assistant.