Abstract
Abstract In Sweden, the distinction between negotiable promissory notes and non-negotiable promissory notes stems from the Promissory Notes Act, which was enacted in 1936. The Promissory Notes Act distinguishes between negotiable promissory notes (löpande skuldebrev), expressed to be payable to (i) the bearer or (ii) a specifi c person or order, and non-negotiable promissory notes (enkla skuldebrev), expressed to be payable to a specifi c person. The provisions of the Promissory Notes Act regarding non-negotiable promissory notes analogously apply to monetary claims or receivables based on means other than a promissory note, eg claims under a guarantee or a contract, which will be the kind of receivables mainly focused upon hereinafter.
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