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Code · Wisconsin · Chapter 404 — Uniform commercial code — bank deposits and collections

404.208 Presentment warranties.

68 words·~1 min read·/wi/chapter-404/404-208

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404.208 Presentment warranties.
(1)If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person obtaining payment or acceptance, at the time of presentment, and a previous transferor of the draft, at the time of transfer, warrant to the drawee that pays or accepts the draft in good faith that all of the following conditions exist:
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