This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, establishes presentment warranties in commercial transactions. It applies to drawees, persons obtaining payment or acceptance, previous transferors of the draft, drawers, indorsers, and parties obliged to pay the instrument. The document outlines the warranties that the person obtaining payment or acceptance and the previous transferor of the draft make to the drawee. These warranties include being entitled to enforce the draft, no alteration of the draft, no knowledge of unauthorized signature of the drawer, and authorization of creation for demand drafts.

This legal provision, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the payment or acceptance of drafts or instruments made by mistake. If a drawee pays or accepts a draft under the mistaken belief that payment had not been stopped or that the drawer’s signature was authorized, the drawee may recover the amount from the person who received the payment or, in the case of acceptance, may revoke the acceptance.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the signing of instruments for accommodation. It applies to situations where an instrument is issued for the benefit of a party (the accommodated party) and another party (the accommodation party) signs the instrument to incur liability without being a direct beneficiary. The accommodation party may sign the instrument as a maker, drawer, acceptor, or indorser and is obligated to pay the instrument in the capacity in which they sign.

This legal document pertains to the conversion of instruments. It states that the law applicable to the conversion of personal property also applies to instruments. An instrument is considered converted if it is taken by transfer from a person not entitled to enforce the instrument or if a bank makes or obtains payment with respect to the instrument for a person not entitled to enforce the instrument or receive payment. However, the issuer or acceptor of the instrument, as well as a payee or indorsee who did not receive delivery of the instrument, cannot bring an action for conversion.

The concept of presentment is defined in this legal document. Presentment refers to a demand made by or on behalf of a person entitled to enforce an instrument to pay the instrument or accept a draft. Presentment can be made at the place of payment or by any commercially reasonable means. The demand is effective when received by the person to whom presentment is made. The person making presentment must exhibit the instrument, provide reasonable identification and evidence of authority if presenting on behalf of another person, and sign a receipt or surrender the instrument upon full payment.

This legal document governs the dishonor of notes and unaccepted drafts. It provides rules for determining when a note or draft is considered dishonored. The rules vary depending on whether the instrument is payable on demand or at a later date, and whether it is a note or a draft. The document also outlines the requirements for presentment of the instrument and the consequences of non-payment or non-acceptance. It applies to makers, payor banks, drawees, and acceptors of notes and drafts.

This legal document, part of the New Hampshire Revised Statutes, specifically the Uniform Commercial Code (Chapter 382-A), governs the obligation of an indorser and drawer in commercial transactions. It states that the obligations of an indorser or drawer cannot be enforced unless they are given notice of dishonor of the instrument in compliance with this section, or if notice of dishonor is excused under Section 3-504(b). Notice of dishonor can be given by any person through various means, such as oral, written, or electronic communication, as long as it reasonably identifies the instrument and indicates that it has been dishonored or not paid or accepted.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code, governs the excused presentment for payment or acceptance of an instrument, as well as the excused notice of dishonor. It outlines various circumstances where presentment or notice of dishonor is excused, such as when the person entitled to present the instrument cannot do so with reasonable diligence, or when the party whose obligation is being enforced waived notice of dishonor.

This legal document, part of the New Hampshire Revised Statutes under the Uniform Commercial Code (Chapter 382-A), pertains to the admissibility of evidence and the creation of a presumption of dishonor and notice of dishonor. It outlines the types of documents and records that can be used as evidence of dishonor, including protests, stamps or writings of refusal, and books or records kept by the drawee, payor bank, or collecting bank.

(a) 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. (b) 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. Source. 1993, 346:1, eff.