PocketLaw | Michigan Compiled Laws | Part 4 Liability of Parties

Part 4 Liability of Parties (440.3401...440.3420)

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Section
440.3401

Liability; Signature.

Section
440.3402

Liability of Parties; Signature by Authorized Representative.

Section
440.3403

Unauthorized Signature; Effect.

Section
440.3404

Imposter; Inducing Issuance of Instrument; Endorsement in Name of Payee; Failure to Exercise Ordinary Care.

Section
440.3405

Definitions; Fraudulent Endorsement by Employee or Person Acting in Concert With Employee.

Section
440.3406

Failure to Exercise Ordinary Care Contributing to Alteration or Forged Instrument; Allocation of Loss; Burden of Proof.

Section
440.3407

Alteration; Definition; Discharge of Party Affected; Enforcement of Rights.

Section
440.3408

Check or Draft; Operation as Assignment.

Section
440.3409

Acceptance of Draft; Definition; Operation; “Certified Check” Defined; Refusal to Certify.

Section
440.3410

Acceptance Varying From Terms of Draft.

Section
440.3411

Obligated Bank; Definition; Refusal to Pay Check; Expenses or Damages Not Recoverable.

Section
440.3412

Note, Cashier's Check, or Other Draft; Obligation of Issuer to Pay According to Terms.

Section
440.3413

Draft; Obligation to Pay According to Terms; Amount.

Section
440.3414

Applicability of Section; Unaccepted Draft; Dishonor; Payment According to Terms; Acceptance by Bank; Discharge of Drawer; Obligation of Drawer if Acceptor Not Bank and Draft Dishonored; Disclaimer of Liability; Suspension of Payments After Expiration of 30-Day Period.

Section
440.3415

Dishonored Instrument; Obligation and Liability of Endorser.

Section
440.3416

Transfer of Instrument for Consideration; Endorsement; Warranties.

Section
440.3417

Presentment of Unaccepted or Dishonored Draft; Rights of Parties.

Section
440.3418

Payment or Acceptance by Mistake.

Section
440.3419

Accommodation Parties.

Section
440.3420

Conversion.