This legal document, found in the Nevada Revised Statutes, pertains to evidence of dishonor in commercial instruments and transactions governed by the Uniform Commercial CodeOriginal Articles. It outlines the admissible evidence that creates a presumption of dishonor and notice of dishonor, including a document regular in form as a protest, a stamp or writing of refusal by the drawee, payor bank, or presenting bank, and a book or record showing dishonor.

1.The obligation of a party to pay the instrument is discharged as stated in this article or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract. 2.Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge. (Added to NRS by 1965, 836; A 1993, 1295)

This section of the Nevada Revised Statutes, specifically under the Uniform Commercial CodeOriginal Articles, governs the payment of instruments and the discharge of obligations. It establishes that an instrument is considered paid when payment is made by or on behalf of a party obliged to pay the instrument to a person entitled to enforce the instrument. It also outlines the conditions under which a note is considered paid, including adequate notification of transfer and provision of an address for future payments.

This legal document, found in the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, pertains to the tender of payment for obligations related to commercial instruments. It states that if payment is tendered to a person entitled to enforce the instrument, the principles of law applicable to tender of payment under a simple contract apply. Additionally, if payment is tendered and refused, the obligation of an endorser or accommodation party with a right of recourse is discharged to the extent of the tendered amount.

This legal provision, found in the Nevada Revised Statutes under the Uniform Commercial CodeOriginal Articles, pertains to the discharge of obligations in commercial instruments. It states that a person entitled to enforce an instrument can discharge the obligation of a party to pay the instrument through intentional voluntary acts such as surrender, destruction, mutilation, cancellation, or striking out of the party’s signature. Additionally, the obligation can be discharged by agreeing not to sue or renouncing rights against the party through a signed record.

This section of the Nevada Revised Statutes governs the discharge of endorsers and accommodation parties in commercial instruments and transactions under the Uniform Commercial CodeOriginal Articles. It clarifies that the discharge of the obligation of a party to pay an instrument does not discharge the obligation of an endorser or accommodation party with a right of recourse against the discharged party. The section also outlines the circumstances under which an extension or material modification of the obligation may discharge an endorser or accommodation party.

This article may be cited as Uniform Commercial CodeBank Deposits and Collections. (Added to NRS by 1965, 840; A 1993, 1298)

1.To the extent that items within this article are also within articles 3 and 8, they are subject to those articles. If there is a conflict, this article governs article 3 but article 8 governs this article. 2.The liability of a bank for action or nonaction with respect to an item handled by it for purposes of presentment, payment or collection is governed by the law of the place where the bank is located.

This legal document pertains to the variation of provisions by agreement, the measure of damages, and the action constituting ordinary care in commercial transactions involving banks. While the provisions of this article can be varied by agreement, a bank cannot disclaim responsibility for its own lack of good faith or failure to exercise ordinary care, nor can the measure of damages for such lack or failure be limited. However, the parties may agree on the standards by which the bank’s responsibility is to be measured, as long as those standards are not manifestly unreasonable.

This legal document, part of the Nevada Revised Statutes, pertains to the Uniform Commercial CodeOriginal Articles in the context of Commercial Instruments and Transactions. It provides definitions for various terms used in this Article, such as ‘account,’ ‘banking day,’ ‘customer,’ ‘draft,’ ‘item,’ and ‘settle.’ The document also references other definitions from different sections of the Nevada Revised Statutes that apply to this Article. Additionally, it mentions general definitions and principles of construction and interpretation applicable throughout this Article.