GroundRules
11 M.R.S. §3-1408: Drawee not liable on unaccepted draft
Where this section sits in the code
- TITLE 11: UNIFORM COMMERCIAL CODE
- PART 4: LIABILITY OF PARTIES
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.
Collected 2026-09-04T15:12:25Z. Source file · JSON