This Article of the Nevada Revised Statutes governs commercial instruments and transactions under the Uniform Commercial Code. It provides definitions for various terms used in this Article, including acceptor, drawee, drawer, maker, order, ordinary care, party, promise, prove, record, remitter, and remotely-created item. The Article also references other definitions from different sections of the Nevada Revised Statutes, such as acceptance, accommodated party, accommodation party, account, alteration, anomalous endorsement, blank endorsement, cashier’s check, certificate of deposit, certified check, check, consideration, draft, endorsement, endorser, holder in due course, incomplete instrument, instrument, issue, issuer, negotiable instrument, negotiation, note, payable at a definite time, payable on demand, payable to bearer, payable to order, payment, person entitled to enforce, presentment, reacquisition, special endorsement, teller’s check, transfer of instrument, traveler’s check, and value.

This legal document, part of the Nevada Revised Statutes, falls under the Uniform Commercial CodeOriginal Articles. It defines and governs negotiable instruments, which are unconditional promises or orders to pay a fixed amount of money. To be considered negotiable, the instrument must be payable to bearer or order, payable on demand or at a definite time, and not contain any other undertakings or instructions beyond the payment of money. The document also provides definitions for related terms such as checks, cashier’s checks, teller’s checks, traveler’s checks, and certificates of deposit.

1.Issue means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving rights on the instrument to any person. 2.An unissued instrument, or an unissued incomplete instrument that is completed, is binding on the maker or drawer, but nonissuance is a defense. An instrument that is conditionally issued or is issued for a special purpose is binding on the maker or drawer, but failure of the condition or special purpose to be fulfilled is a defense.

This legal document, part of the Nevada Revised Statutes, specifically falls under the Uniform Commercial CodeOriginal Articles. It governs the rules and regulations related to commercial instruments and transactions in Nevada. The document outlines the conditions for a promise or order to be considered unconditional, including the presence of express conditions to payment, references to other records, or statements of rights or obligations in another record. It clarifies that a reference to another record does not automatically make the promise or order conditional.

Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an equivalent amount in dollars calculated by using the current bank-offered spot rate at the place of payment for the purchase of dollars on the day on which the instrument is paid. (Added to NRS by 1965, 819; A 1993, 1261)

This legal document, found in the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, pertains to the payment terms of commercial instruments. It defines the terms ‘payable on demand’ and ‘payable at a definite time’. A promise or order is considered ‘payable on demand’ if it explicitly states so, indicates that it is payable at the will of the holder, or does not specify any time of payment. On the other hand, a promise or order is ‘payable at a definite time’ if it becomes due after a specific period of time, at a fixed date or dates, or at a time or times that can be easily determined when the promise or order is issued.

This legal document, part of the Nevada Revised Statutes, pertains to commercial instruments and transactions governed by the Uniform Commercial CodeOriginal Articles. It outlines the rules regarding the payability of a promise or order. A promise or order is considered payable to bearer if it explicitly states so, does not mention a payee, or indicates that it is payable to cash or not to an identified person. On the other hand, a promise or order that is not payable to bearer is considered payable to order if it is payable to the order of an identified person or to an identified person or order.

This legal document pertains to the determination of the person to whom an instrument is initially payable. The instrument is payable to the person intended by the signer, even if the identification in the instrument does not match the intended person. If multiple signers do not intend the same payee, the instrument is payable to any person intended by one or more of the signers. The payee of an instrument made by automated means is determined by the intent of the person who supplied the payee’s name or identification.

Except as otherwise provided for items in article 4, an instrument is payable at the place of payment stated in the instrument. If no place of payment is stated, an instrument is payable at the address of the drawee or maker stated in the instrument. If no address is stated, the place of payment is the place of business of the drawee or maker. If a drawee or maker has more than one place of business, the place of payment is any place of business of the drawee or maker chosen by the person entitled to enforce the instrument.

1.Unless otherwise provided in the instrument: (a)An instrument is not payable with interest; and (b)Interest on an interest-bearing instrument is payable from the date of the instrument. 2.Interest may be stated in an instrument as a fixed or variable amount of money or it may be expressed as a fixed or variable rate or rates. The amount or rate of interest may be stated or described in the instrument in any manner and may require reference to information not contained in the instrument.