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Page 328
... Subsection ( a ) is discharged . ( d ) If a draft is accepted by a bank after an indorsement is made , the liability of the indorser under Subsection ( a ) is discharged . ( e ) If an indorser of a check is liable under Subsection ( a ) ...
... Subsection ( a ) is discharged . ( d ) If a draft is accepted by a bank after an indorsement is made , the liability of the indorser under Subsection ( a ) is discharged . ( e ) If an indorser of a check is liable under Subsection ( a ) ...
Page 347
... Subsection . ( c ) If a drawee asserts a claim for breach of warranty under Subsection ( a ) based on an unauthorized indorsement of the draft or an alteration of the draft , the warrantor may defend by proving that the indorsement is ...
... Subsection . ( c ) If a drawee asserts a claim for breach of warranty under Subsection ( a ) based on an unauthorized indorsement of the draft or an alteration of the draft , the warrantor may defend by proving that the indorsement is ...
Page 383
... subsection ( b ) ( 3 ) ( ii ) dishonor oc- curs when the draft is presented and not accepted . Subsection ( b ) ( 4 ) applies to unaccepted drafts payable on elapse of a period of time after sight or acceptance . If the draft is payable ...
... subsection ( b ) ( 3 ) ( ii ) dishonor oc- curs when the draft is presented and not accepted . Subsection ( b ) ( 4 ) applies to unaccepted drafts payable on elapse of a period of time after sight or acceptance . If the draft is payable ...
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Common terms and phrases
1990 Uniform Commercial acceptance acceptor action agreement Am.Dec amount Article Bank & Trust beneficiary beneficiary's bank Bills and Notes burden of proof cashier's check certificate certified check collecting bank comaker Commercial Laws consist of R.S. corporation creditor defense demand note deposit depositary bank discharge draft drawee bank drawer due course evidence executed failure of consideration forged former Section funds transfer holder in due indorser instru issued La.Ann La.App La.L.Rev liability Louisiana maker Master Edition maturity ment mortgage note negotiable instrument notary notes preceding R.S. notice of dishonor notice of protest obligation Orleans paid payable payee payment order payor bank person plaintiff promise promissory note receiving bank revision Ronald L sections of Chapter sender Shreveport signature Statutory Notes subject matter Subsection Text effective January thereof tion Title 10 Appendix Uniform Commercial Code warranty WESTLAW Electronic Research writ denied