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Home » US Law » 2022 Ohio Revised Code » Title 13 | Commercial Transactions » Chapter 1303 | Commercial Paper » Section 1303.04 | Issue of Instrument – Ucc 3-105(b).

Effective: August 19, 1994

Latest Legislation: Senate Bill 147 – 120th General Assembly

An unissued instrument, or an unissued incomplete instrument that is completed, is binding on the maker or drawer, but nonissuance is a defense. An instrument that is conditionally issued or is issued for a special purpose is binding on the maker or drawer, but the failure of the condition or special purpose to be fulfilled is a defense.