403.503 – Notice of dishonor.
403.503 Notice of dishonor. (1) The obligation of an endorser stated in s. 403.415 (1) and the obligation of a drawer stated in s. 403.414 (4) may not be enforced unless the endorser or drawer is given notice of dishonor of the instrument complying with this section or notice of dishonor is excused under s. […]
403.504 – Excused presentment and notice of dishonor.
403.504 Excused presentment and notice of dishonor. (1) Presentment for payment or acceptance of an instrument is excused if any of the following conditions exists: (a) The person entitled to present the instrument cannot with reasonable diligence make presentment. (b) The maker or acceptor has repudiated an obligation to pay the instrument or is dead […]
403.505 – Evidence of dishonor.
403.505 Evidence of dishonor. (1) The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated: (a) A document regular in form as provided in sub. (2) which purports to be a protest. (b) A purported stamp or writing of the drawee, payer bank or presenting bank […]
403.502 – Dishonor.
403.502 Dishonor. (1) Dishonor of a note is governed by the following rules: (a) If the note is payable on demand, the note is dishonored if presentment is duly made to the maker and the note is not paid on the day of presentment. (b) If the note is not payable on demand and is […]
403.501 – Presentment.
403.501 Presentment. (1) “Presentment” means a demand made by or on behalf of a person entitled to enforce an instrument to do any of the following: (a) Pay the instrument made to the drawee or a party obliged to pay the instrument or, in the case of a note or accepted draft payable at a […]