Subject and Keywords:
The popularity of the bill of exchange, as a document of cash debt claims, is often emphasized in the literature and in practice. The key role in this area is played by abstractness, solidarity of debtors, and – above all – facilitating of obtaining an enforceable title, which constitutes the basis of the execution. The claim on the basis of the bill of exchange is quicker and more efficient than the other ways of claiming – e.g. the order of payment can be issued in the payment-order proceedings on the basis of the bill of exchange, which is enforceable in a short period of time. The elaboration covers the analysis of the term of bill of exchange as a security and its diversification into promissory notes and regular bills of exchange. It also discusses the problem of transmission of rights from the bill of exchange, execution on the basis of the bill of exchange in the administrative proceedings, sale of the bill of exchange: auction–based sale, sale under the tendering procedure and „single–source sale”, which are regulated in the art. 105−109 of the act on the execution proceedings in administration.