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Can you summarize NHRS 382-A:3-115?
UNIFORM COMMERCIAL CODE > Incomplete Instrument.
Short Summary
This legal document, part of the New Hampshire Revised Statutes, specifically falls under the Uniform Commercial Code (Chapter 382-A). It defines an ‘incomplete instrument’ as a signed writing that is incomplete at the time of signing but intended to be completed later. The document states that if an incomplete instrument falls under Section 3-104 of the Uniform Commercial Code, it can be enforced according to its terms, whether completed or not. If the incomplete instrument does not fall under Section 3-104 but meets its requirements after completion, it can also be enforced. However, if words or numbers are added to an incomplete instrument without the signer’s authority, it is considered an alteration under Section 3-407. The burden of proving lack of authority lies with the person asserting it. The document does not mention any specific exemptions or penalties.
Whom does it apply to?
Signers of incomplete instruments
What does it govern?
Incomplete instruments
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
New Hampshire