B. Obligor’s defences
I. In general
1 Against a claim deriving from a bearer security, the obligor may plead only such defences as contest the validity of the instrument or arise from the instrument itself and those available to him personally against the respective obligee.
2 Defences based on the direct relations between the obligor and a former bearer are admissible where the bearer intentionally acted to the detriment of the obligor when acquiring the security.
3 The obligor may not plead the defence that the instrument entered circulation against his will.
F. Dispositions spéciales
Demeurent réservées les règles spéciales concernant les divaers papiers-valeurs, notamment les effets de change, les chèques et les titres de gage.
