Article 450 of Commercial Code

1 - The aval shall be written on the bill of exchange itself or on the sheet attached thereto. 2 - This guarantee shall be expressed by the wording “accepted as an aval” or by any other phrase conveying its meaning, and shall be signed by the guarantor. - The name of the person guaranteed shall be stated in the guarantee; otherwise, the guarantee shall be deemed given for the drawer. 4 - This guarantee shall be inferred from the mere signature of the guarantor on the face of the bill of exchange, unless the signature is that of the drawee or the drawer. Home Page 1318 Law Index Commercial Code Decree-Law No. 68 of 1980 Promulgating the Commercial Code