California Laws: Commercial Code Sections 3401-3420
- California Laws: Commercial Code Section 3401
(a) A person is not liable on an instrument unless (1) the person signed the instrument, or (2) the person is represented by an agent...
- California Laws: Commercial Code Section 3402
(a) If a person acting, or purporting to act, as a representative signs an instrument by signing either the name of the represented person or...
- California Laws: Commercial Code Section 3403
(a) Unless otherwise provided in this division or Division 4 (commencing with Section 4101), an unauthorized signature is ineffective except as the signature of the...
- California Laws: Commercial Code Section 3404
(a) If an impostor, by use of the mails or otherwise, induces the issuer of an instrument to issue the instrument to the impostor, or...
- California Laws: Commercial Code Section 3405
(a) In this section: (1) "Employee" includes an independent contractor and employee of an independent contractor retained by the employer. (2) "Fraudulent indorsement" means (A)...
- California Laws: Commercial Code Section 3406
(a) A person whose failure to exercise ordinary care contributes to an alteration of an instrument or to the making of a forged signature on...
- California Laws: Commercial Code Section 3407
(a) "Alteration" means (1) an unauthorized change in an instrument that purports to modify in any respect the obligation of a party, or (2) an...
- California Laws: Commercial Code Section 3408
A check or other draft does not of itself operate as an assignment of funds in the hands of the drawee available for its payment,...
- California Laws: Commercial Code Section 3409
(a) "Acceptance" means the drawee's signed agreement to pay a draft as presented. It shall be written on the draft and may consist of the...
- California Laws: Commercial Code Section 3410
(a) If the terms of a drawee's acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat...
- California Laws: Commercial Code Section 3411
(a) In this section, "obligated bank" means the acceptor of a certified check or the issuer of a cashier's check or teller's check bought from...
- California Laws: Commercial Code Section 3412
The issuer of a note or cashier's check or other draft drawn on the drawer is obliged to pay the instrument (a) according to its...
- California Laws: Commercial Code Section 3413
(a) The acceptor of a draft is obliged to pay the draft (1) according to its terms at the time it was accepted, even though...
- California Laws: Commercial Code Section 3414
(a) This section does not apply to cashier's checks or other drafts drawn on the drawer. (b) If an unaccepted draft is dishonored, the drawer...
- California Laws: Commercial Code Section 3415
(a) Subject to subdivisions (b), (c), and (d) and to subdivision (d) of Section 3419, if an instrument is dishonored, an indorser is obliged to...
- California Laws: Commercial Code Section 3416
(a) A person who transfers an instrument for consideration warrants all of the following to the transferee and, if the transfer is by indorsement, to...
- California Laws: Commercial Code Section 3417
(a) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, (i) the person...
- California Laws: Commercial Code Section 3418
(a) Except as provided in subdivision (c), if the drawee of a draft pays or accepts the draft and the drawee acted on the mistaken...
- California Laws: Commercial Code Section 3419
(a) If an instrument is issued for value given for the benefit of a party to the instrument ("accommodated party") and another party to the...
- California Laws: Commercial Code Section 3420
(a) The law applicable to conversion of personal property applies to instruments. An instrument is also converted if it is taken by transfer, other than...
