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Can you summarize NHRS 382-A:3-504?
UNIFORM COMMERCIAL CODE > Excused Presentment and Notice of Dishonor.
Short Summary
This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the excused presentment for payment or acceptance of an instrument, as well as the excused notice of dishonor. It outlines various circumstances where presentment or notice of dishonor is excused, such as when the person entitled to present the instrument cannot do so with reasonable diligence, or when the party whose obligation is being enforced waived notice of dishonor. The document also states that delay in giving notice of dishonor is excused if caused by circumstances beyond the control of the person giving the notice. No specific penalties are mentioned in this document.
Whom does it apply to?
Parties involved in the presentment and dishonor of commercial instruments
What does it govern?
Excused Presentment and Notice of Dishonor
What are exemptions?
Exemptions include situations where presentment is not necessary to enforce the obligation of indorsers or the drawer, or when the party whose obligation is being enforced waived notice of dishonor
What are the Penalties?
No specific penalties mentioned
Jurisdiction
New Hampshire