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Chester Atkinson
on Dec 20, 2024

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Under Revised Article 4, if a bank pays a postdated instrument prior to its date, it will be a proper debit to the drawer's account, unless the drawer had timely informed the drawee that the check was postdated.

Revised Article 4

An update or amendment to a section of the Uniform Commercial Code dealing primarily with bank deposits and collections.

Postdated Instrument

A financial instrument, such as a check, with a date in the future, indicating when it becomes payable.

  • Determine the legal system controlling check transactions, highlighting the duties and privileges of the involved parties.
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Aaron Anderson Jr.Dec 25, 2024
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