Article 523 of Commercial Code

1 - The drawee alone shall bear the damage resulting from payment of a cheque on which the drawer's signature was forged or the particulars in its text were altered, if fault cannot be attributed to the drawer named in the cheque. Any condition to the contrary shall be deemed nonexistent. 2 - The drawer shall be considered at fault, in particular, if he fails to exercise the care of an ordinary person in safeguarding the cheque book delivered to him. Law Index Home Page 1332 Commercial Law Decree-Law No. 68 of 1980 Promulgating the Commercial Law Second Section Negotiation of the Cheque and the Guarantor by Aval 1 - Negotiation of the Cheque by Endorsement