This legal document, part of the New Hampshire Revised Statutes, specifically falls under the Uniform Commercial Code (Chapter 382-A). It defines an ‘incomplete instrument’ as a signed writing that is incomplete at the time of signing but intended to be completed later. The document states that if an incomplete instrument falls under Section 3-104 of the Uniform Commercial Code, it can be enforced according to its terms, whether completed or not.

(a) Except as otherwise provided in the instrument, two or more persons who have the same liability on an instrument as makers, drawers, acceptors, indorsers who indorse as joint payees, or anomalous indorsers are jointly and severally liable in the capacity in which they sign. (b) Except as provided in Section 3-419(e) or by agreement of the affected parties, a party having joint and several liability who pays the instrument is entitled to receive from any party having the same joint and several liability contribution in accordance with applicable law.

Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument may be modified, supplemented, or nullified by a separate agreement of the obligor and a person entitled to enforce the instrument, if the instrument is issued or the obligation is incurred in reliance on the agreement or as part of the same transaction giving rise to the agreement.

The provided legal document content pertains to the statute of limitations for various financial instruments. It specifies the time limits within which actions to enforce payment obligations must be commenced. The document covers notes payable at a definite time, notes payable on demand, unaccepted drafts, certified checks, teller’s checks, cashier’s checks, traveler’s checks, and certificates of deposit. The statute of limitations varies depending on the type of instrument and the circumstances.

In an action for breach of an obligation for which a third person is answerable over pursuant to this Article or Article 4, the defendant may give the third person written notice of the litigation, and the person notified may then give similar notice to any other person who is answerable over. If the notice states (i) that the person notified may come in and defend and (ii) that failure to do so will bind the person notified in an action later brought by the person giving the notice as to any determination of fact common to the 2 litigations, the person notified is so bound unless after seasonable receipt of the notice the person notified does come in and defend.

(a) ‘Negotiation’ means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder. (b) Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.

(a) Negotiation is effective even if obtained (i) from an infant, a corporation exceeding its powers, or a person without capacity, (ii) by fraud, duress, or mistake, or (iii) in breach of duty or as part of an illegal transaction. (b) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the transfer of instruments and the rights acquired through such transfers. It specifies that an instrument is considered transferred when it is delivered by someone other than the issuer with the intention of granting the recipient the right to enforce the instrument. The transfer of an instrument, whether through negotiation or not, grants the transferee the same rights as the transferor, including the rights of a holder in due course.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, defines and explains the concept of indorsement. Indorsement refers to a signature made on an instrument for the purpose of negotiating the instrument, restricting payment, or incurring indorser’s liability. The document clarifies that a signature and its accompanying words are considered an indorsement unless there are clear indications that the signature was made for a different purpose.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, provides definitions and rules regarding different types of indorsements on negotiable instruments. It explains that a special indorsement is made by the holder of an instrument and identifies a specific person to whom the instrument is payable. A special indorsement restricts negotiation to only that identified person. On the other hand, a blank indorsement is made by the holder without specifying a particular payee, making the instrument payable to bearer and allowing negotiation through transfer of possession.