Abstract
The article presents a retrospective review of the formation of the institute of promissory notes in Russia before 1917. The process of development of legislation on promissory note circulation is considered in detail. The role of the promissory note in the development of binding legal relations, the expansion of trade and economic relations at the national and international level is revealed. The author concludes that certain definitions are fixed in the bill law: the concept of a security, bill legal capacity, rights and obligations of subjects of bill relations.
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