| | |
(d)__If the draft is a demand draft, creation of the demand | | draft according to the terms on its face was authorized by the | | person identified as the drawer. |
|
| | | Sec. 8. 11 MRSA §3-1417, sub-§§(7) and (8) are enacted to read: |
|
| | | (7)__A demand draft is a check, as provided in section 3-1104, | | subsection (6). |
|
| | | (8)__If the warranty in subsection (1), paragraph (d) is not | | given by a transferor under applicable conflict of laws rules, | | then the warranty is not given to that transferor when that | | transferor is a transferee. |
|
| | | Sec. 9. 11 MRSA §4-104, sub-§(3), as amended by PL 1993, c. 293, Pt. B, | | §9, is further amended to read: |
|
| | | (3) The following definitions in other Articles apply to this | | Article: |
|
| | | "Acceptance." Section 3-1409. |
|
| | | "Alteration." Section 3-1407. |
|
| | | "Cashier's check." Section 3-1104. |
|
| | | "Certificate of deposit." Section 3-1104. |
|
| | | "Certified Check." Section 3-1409. |
|
| | | "Demand draft."____________________ Section 3-1104. |
|
| | | "Good faith." Section 3-1103. |
|
| | | "Holder in due course." Section 3-1102. |
|
| | | "Instrument." Section 3-1104. |
|
| | | "Notice of dishonor." Section 3-1503. |
|
| | | "Ordinary care." Section 3-1103. |
|
| | | "Person entitled to enforce." Section 3-1301. |
|
| | | "Presentment." Section 3-1501. |
|
| | | "Promise." Section 3-1103. |
|
| | | "Teller's check." Section 3-1104. |
|
| | | "Unauthorized signature." Section 3-1403. |
|
| | | Sec. 10. 11 MRSA §4-207-A, sub-§(1), ¶¶(d) and (e), as enacted by PL 1993, | | c. 293, Pt. B, §25, are amended to read: |
|
| | | (d) The item is not subject to a defense or claim in | | recoupment (section 3-1305, subsection (1)) of any party | that can be asserted against the warrantor; and |
|
|
