Negotiable Instrument Counterplea and Negotiable Instrument Counterplea Right

There have always been controversies upon negotiable instrument counterplea and negotiable instrument counterplea right among Chinese negotiable instruments law scholars. If legal scholars cannot clearly understand the contents of negotiable instrument counterplea and negotiable instrument counterplea right, there will be chaos in the whole negotiable instrument counterplea theory which goes against the protection of negotiable instrument obligors’ benefit and the balance of negotiable instrument right system. This paper tries to accurately define negotiable instrument counterplea and negotiable instrument counterplea right by detailed analysis so as to contribute to Chinese negotiable instrument theory research. Key words: Negotiable instrument counterplea; Negotiable instrument counterplea right; Defense cut off