Idaho Statutes
§ 28-3-408 — DRAWEE NOT LIABLE ON UNACCEPTED DRAFT
Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 4. LIABILITY OF PARTIES·Ch. 3 UNIFORM COMMERCIAL CODE — NEGOTIABLE INSTRUMENTS
A check or other draft does not of itself operate as an assignment of funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until the drawee accepts it.
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Idaho § 28-3-408 (DRAWEE NOT LIABLE ON UNACCEPTED DRAFT) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Ervin Construction Co. v. Van Orden
874 P.2d 549 (Idaho Court of Appeals, 1992)
Farmers & Merchants State Bank v. Lloyd
582 P.2d 1094 (Idaho Supreme Court, 1978)
Legislative History
[28-3-408, added 1993, ch. 288, sec. 2, p. 1041.]
Nearby Sections
15
§ 28-1-101
SHORT TITLES§ 28-1-102
SCOPE OF CHAPTER§ 28-1-104
CONSTRUCTION AGAINST IMPLIED REPEAL§ 28-1-105
SEVERABILITY§ 28-1-106
USE OF SINGULAR AND PLURAL — GENDER§ 28-1-107
SECTION CAPTIONS§ 28-1-201
GENERAL DEFINITIONS§ 28-1-202
NOTICE — KNOWLEDGE§ 28-1-204
VALUE§ 28-1-205
REASONABLE TIME — SEASONABLENESS§ 28-1-206
PRESUMPTIONS