Nevada § 97.253 Rights of retail seller; action to determine liability for unauthorized negotiable instrument used to make payment

Nevada Statutes

§ 97.253 — Rights of retail seller; action to determine liability for unauthorized negotiable instrument used to make payment

Nevada·Title 8 COMMERCIAL INSTRUMENTS AND TRANSACTIONS·Ch. 97 Retail· CONSOLIDATING PURCHASES; RETAIL CHARGE AGREEMENTS

1.A retail seller shall be deemed to be a payee with respect to any payment made on an account of a buyer by a check or other negotiable instrument.

2.Upon the posting of a payment to an account of a buyer, a retail seller has changed his or her position in reliance thereon if the payment was made by a check or other negotiable instrument.

3.A payment made on an account of a buyer by a check or other negotiable instrument is received by the retail seller in good faith if the retail seller did not have actual knowledge that the check or other negotiable instrument was forged, altered or unauthorized when it was posted to the account.

4.An action or proceeding brought to determine liability for an allegedly forged, altered or unauthorized check or other negotiable instrument used to make

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1. A retail seller shall be deemed to be a payee with respect to any payment made on an account of a buyer by a check or other negotiable instrument.
2. Upon the posting of a payment to an account of a buyer, a retail seller has changed his or her position in reliance thereon if the payment was made by a check or other negotiable instrument.
3. A payment made on an account of a buyer by a check or other negotiable instrument is received by the retail seller in good faith if the retail seller did not have actual knowledge that the check or other negotiable instrument was forged, altered or unauthorized when it was posted to the account.
4. An action or proceeding brought to determine liability for an allegedly forged, altered or unauthorized check or other negotiable instrument used to make payment on an account of a buyer must be determined pursuant to the provisions of chapters 104 to 104C , inclusive, of NRS.

Nevada § 97.253 (Rights of retail seller; action to determine liability for unauthorized negotiable instrument used to make payment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.