This section of the Nevada Revised Statutes, under the Uniform Commercial CodeOriginal Articles, addresses the responsibility of employers for fraudulent endorsements made by their employees. The definition of ’employee’ includes independent contractors and employees of independent contractors retained by the employer. ‘Fraudulent endorsement’ refers to forged endorsements purporting to be that of the employer or the person identified as payee. ‘Responsibility’ with respect to instruments includes various authorities related to signing, endorsing, acting upon, preparing, supplying information, controlling disposition, or acting in a responsible capacity.

This provision, found in the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, addresses the issue of negligence contributing to the alteration of an instrument or the forging of a signature on an instrument. According to this provision, a person who fails to exercise ordinary care and thereby contributes to such alteration or forgery cannot assert the alteration or forgery against a person who, in good faith, pays the instrument or takes it for value or for collection.

This legal document, part of the Nevada Revised Statutes, falls under the Uniform Commercial CodeOriginal Articles. It defines the term ‘alteration’ in the context of commercial instruments and transactions. An alteration refers to an unauthorized change in an instrument that modifies the obligation of a party or an addition/change to an incomplete instrument relating to a party’s obligation. Fraudulent alterations discharge the party whose obligation is affected, unless they assent or are precluded from asserting the alteration.

A check or other draft does not of itself operate as an assignment of funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until the drawee accepts it. (Added to NRS by 1965, 829; A 1993, 1282)

This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, governs the acceptance of drafts and certified checks. It defines acceptance as the drawee’s signed agreement to pay a draft and specifies that acceptance can be made at any time. The document also clarifies that a draft may be accepted even if it is incomplete, overdue, or has been dishonored. Additionally, it explains that if a draft is payable at a fixed period after sight and the acceptor fails to date the acceptance, the holder may complete the acceptance by supplying a date in good faith.

1.If the terms of a drawees acceptance vary from the terms of the draft as presented, the holder may refuse the acceptance and treat the draft as dishonored. In that case, the drawee may cancel the acceptance. 2.The terms of a draft are not varied by an acceptance to pay at a particular bank or place in the United States, unless the acceptance states that the draft is to be paid only at that bank or place.

This section of the Nevada Revised Statutes, under the Uniform Commercial CodeOriginal Articles, governs the refusal to pay cashiers checks, tellers checks, and certified checks. It defines the term ‘obligated bank’ as the acceptor of a certified check or the issuer of a cashiers check or tellers check bought from the issuer. If the obligated bank wrongfully refuses to pay a cashiers check or certified check, stops payment of a tellers check, or refuses to pay a dishonored tellers check, the person asserting the right to enforce the check is entitled to compensation for expenses and loss of interest resulting from the nonpayment.

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.

This legal document, part of the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, governs the obligation of the acceptor of a draft. The acceptor is obliged to pay the draft according to its terms at the time of acceptance. If the acceptance varies the terms of the draft, the acceptor is obliged to pay according to the varied terms. If the acceptance is of an incomplete instrument, the acceptor is obliged to pay according to its terms when completed, as stated in NRS 104.

This section governs the obligation of the drawer in relation to drafts. It applies to drawers of drafts, except for cashier’s checks or other drafts drawn on the drawer. If an unaccepted draft is dishonored, the drawer is obliged to pay the draft 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. If the drawer signed an incomplete instrument, the obligation is according to its terms when completed.