MCL - 174-1962-3-4
Act 174 of 1962
LIABILITY OF PARTIES
| Document | Type | Description |
|---|---|---|
| Section 440.3401 | Section | Liability; signature. |
| Section 440.3402 | Section | Liability of parties; signature by authorized representative. |
| Section 440.3403 | Section | Unauthorized signature; effect. |
| Section 440.3404 | Section | Imposter; inducing issuance of instrument; endorsement in name of payee; failure to exercise ordinary care. |
| Section 440.3405 | Section | Definitions; fraudulent endorsement by employee or person acting in concert with employee. |
| Section 440.3406 | Section | Failure to exercise ordinary care contributing to alteration or forged instrument; allocation of loss; burden of proof. |
| Section 440.3407 | Section | Alteration; definition; discharge of party affected; enforcement of rights. |
| Section 440.3408 | Section | Check or draft; operation as assignment. |
| Section 440.3409 | Section | Acceptance of draft; definition; operation; “certified check” defined; refusal to certify. |
| Section 440.3410 | Section | Acceptance varying from terms of draft. |
| Section 440.3411 | Section | Obligated bank; definition; refusal to pay check; expenses or damages not recoverable. |
| Section 440.3412 | Section | Note, cashier's check, or other draft; obligation of issuer to pay according to terms. |
| Section 440.3413 | Section | Draft; obligation to pay according to terms; amount. |
| Section 440.3414 | Section | 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 | Section | Dishonored instrument; obligation and liability of endorser. |
| Section 440.3416 | Section | Transfer of instrument for consideration; endorsement; warranties. |
| Section 440.3417 | Section | Presentment of unaccepted or dishonored draft; rights of parties. |
| Section 440.3418 | Section | Payment or acceptance by mistake. |
| Section 440.3419 | Section | Accommodation parties. |
| Section 440.3420 | Section | Conversion. |