Títulos Valores en el Código de Comercio

These flashcards cover key definitions and concepts related to Títulos Valores as discussed in the lecture.

What are Títulos Valores?

Documents necessary to exercise the literal and autonomous right contained in them, intended to circulate.

What does 'derecho literal' mean in relation to Títulos Valores?

It refers to the right represented by the title being exercised as it is written in the document.

What is 'derecho autónomo'?

It signifies that the right must be exercised freely without conditions that modify or limit it.

How can Títulos Valores be transmitted?

Through endorsement for nominative titles or by simple physical delivery for bearer titles.

Name some common types of Títulos Valores.

Letter of exchange, promissory note, check, shares, deposit certificates, pledge bonds.

What distinguishes nominative titles from bearer titles?

Nominative titles have the holder's name indicated, while bearer titles do not identify a specific holder.

What are the characteristics of Títulos Valores?

Literalidad, autonomía, incorporación, and circulación.

What does 'circulación' refer to in Títulos Valores?

The ability to transfer rights from one person to another.

Who must be recognized as the legitimate holder of a title if it is not properly registered?

Only the individual whose name appears in the title and the registry.

What role does 'abstraction' play in Títulos Valores?

It allows the obligation of the debtor not to depend on the written cause in the document itself.