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Can you summarize NHRS 382-A:3-103?
UNIFORM COMMERCIAL CODE > Definitions.
Short Summary
This legal document provides definitions for various terms used in the Uniform Commercial Code (UCC) in the state of New Hampshire. It defines terms such as acceptor, drawee, drawer, maker, order, ordinary care, party, promise, prove, remitter, and more. The document also references other definitions from different sections of the UCC, such as acceptance, accommodation party, alteration, indorsement, negotiable instrument, payment, person entitled to enforce, and more. It is important to consult this document to understand the precise meanings of these terms when dealing with commercial transactions governed by the UCC in New Hampshire.
Whom does it apply to?
The UCC applies to various parties involved in commercial transactions, including acceptors, drawees, drawers, makers, remitters, and parties to an instrument.
What does it govern?
This legal document governs the Uniform Commercial Code (UCC) in the state of New Hampshire. The UCC is a set of laws that regulate commercial transactions, including the sale of goods, secured transactions, negotiable instruments, and other related matters.
What are exemptions?
No specific exemptions are mentioned in this document.
What are the Penalties?
No penalties are mentioned in this document.
Jurisdiction
New Hampshire