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Can you summarize NVRS 104.3412?
Uniform Commercial CodeOriginal Articles > Obligation of issuer of note or cashiers check.
Short Summary
1.The issuer of a note or cashiers check or other draft drawn on the drawer is obliged to pay the instrument: (a)According to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder; or (b)If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in NRS 104.3115 and 104.3407 . 2.The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under NRS 104.3415 . (Added to NRS by 1965, 829; A 1993, 1283)
Jurisdiction
Nevada