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Page 93
... drawer of a check , the intent of X also controls . Under Sec- tion 3-103 ( a ) ( 3 ) , Y is referred to as the drawer of the check because the signing of Y's name identifies Y as the drawer . But since Y's signature was forged Y has no ...
... drawer of a check , the intent of X also controls . Under Sec- tion 3-103 ( a ) ( 3 ) , Y is referred to as the drawer of the check because the signing of Y's name identifies Y as the drawer . But since Y's signature was forged Y has no ...
Page 336
... drawer . ( b ) If an unaccepted draft is dishonored , the drawer is obliged to pay the draft ( i ) according to its terms at the time it was issued or , if not issued , at the time it first came into possession of a holder , or ( ii ) ...
... drawer . ( b ) If an unaccepted draft is dishonored , the drawer is obliged to pay the draft ( i ) according to its terms at the time it was issued or , if not issued , at the time it first came into possession of a holder , or ( ii ) ...
Page 337
... drawer is discharged of liability on a draft accepted by a bank regardless of when acceptance was obtained . This changes former Sec- tion 3-411 ( 1 ) which provided that the drawer is discharged only if the holder obtains acceptance ...
... drawer is discharged of liability on a draft accepted by a bank regardless of when acceptance was obtained . This changes former Sec- tion 3-411 ( 1 ) which provided that the drawer is discharged only if the holder obtains acceptance ...
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Common terms and phrases
acceptance acceptor accommodation party action agreement alleged American Law Reports amount Article Bank & Trust Bank of Louisiana Bills and Notes blank burden of proof cashier's check certificate claim comaker Commercial Laws consist of R.S. corporation Credit creditor debt defense demand demand note deposit depositary bank discharge draft drawee drawee bank drawer due course Edition or ULA effective failure of consideration forged form Commercial Code former Section fraud Historical and Statutory holder in due indorser instru La.Ann La.App liability Louisiana maker Master Edition maturity mortgage note negotiable instrument notary notes preceding R.S. notice of dishonor notice of protest obligation Orleans paid payee payee's payment person plaintiff Presumptions and burden Prior Laws promise promissory note purchase recover repealed seller signature signed Statutory Notes subject matter Subsection Table 1 preceding thereof tion transfer Uniform Commercial Code warranty Westlaw Electronic Research writ denied