“Presentment” means a demand made by or on behalf of a person entitled to enforce an instrument (i) to 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 bank, to the bank, or (ii) to accept […]
Dishonor of a note is governed by the following rules: 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. If the note is not payable on demand and is payable at or through a […]
The obligation of an endorser stated in § 47-3-415(a) and the obligation of a drawer stated in § 47-3-414(d) may not be enforced unless (i) the endorser or drawer is given notice of dishonor of the instrument complying with this section or (ii) notice of dishonor is excused under § 47-3-504(b). Notice of dishonor may […]
Presentment for payment or acceptance of an instrument is excused if: Notice of dishonor is excused if (i) by the terms of the instrument notice of dishonor is not necessary to enforce the obligation of a party to pay the instrument, or (ii) the party whose obligation is being enforced waived notice of dishonor. A […]
The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated: a document regular in form as provided in subsection (b) which purports to be a protest; a purported stamp or writing of the drawee, payor bank, or presenting bank on or accompanying the instrument stating that […]
