The UCC as it Affects Bank Transactions: Workshop on Advanced UCC Problems |
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Page 81
... law . The first situation involves the " less cash " deposit made by the depositor's faithless employee : when the ... common - law principles , and Code section 1-103 would permit the same approach . However , while accepting a deposit ...
... law . The first situation involves the " less cash " deposit made by the depositor's faithless employee : when the ... common - law principles , and Code section 1-103 would permit the same approach . However , while accepting a deposit ...
Page 138
... Common Law . The ability or duty of a party who is obligated on an instrument to raise a defense based upon the rights of a third person is rooted in the common law doctrines of jus terti and adverse claim . Under the rules of adverse ...
... Common Law . The ability or duty of a party who is obligated on an instrument to raise a defense based upon the rights of a third person is rooted in the common law doctrines of jus terti and adverse claim . Under the rules of adverse ...
Page 139
... common law restrictions on jus tertii defenses , the obligor on an instrument could not set up equities of third persons as a defense to a holder's action on the instrument.117 There were a number of justifications for this doctrine ...
... common law restrictions on jus tertii defenses , the obligor on an instrument could not set up equities of third persons as a defense to a holder's action on the instrument.117 There were a number of justifications for this doctrine ...
Contents
THE UCC and BANK TRANSACTIONS | 11 |
Relation of the Instrument to | 15 |
The Significance of the Procedural | 31 |
Copyright | |
26 other sections not shown
Common terms and phrases
acceptance action adverse claim agreement amount bank's bona fide purchaser broker burden buyer cashier's check certificate checking account claimant collecting bank commercial paper contract corporate counsel court customer's defense delivery deposit depositary bank depositor depositor's account dishonor document of title draft drawer drawer's account due course duty effect evidence fact Federal Reserve fiduciary forged forgery funds holder in due indorsement issuer issuing bank letter of credit liability ment Nat'l Bank negligence negotiable instruments notice obligation overdraft paid paper party payee payor bank personal check personal money order plaintiff practice pre-Code presented prior problems procedural provisional credit provisions purchaser reasonable received recover registered remitter rule Securities Act seller signer specific statement statute stop order subsection supra note teller's check tion transaction transfer agent Trust unauthorized signature Uniform Commercial Code UWRA valid warehouse receipt warehouseman warranty Waukegan