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§12A-3-103.


§12A-3-103.
   
                                DEFINITIONS
                                      
   (a) In this article:
   
   (1) "Acceptor" means a drawee who has accepted a draft;
   
   (2) "Drawee" means a person ordered in a draft to make payment;
   
   (3) "Drawer" means a person who signs or is identified in a draft as a
   person ordering payment;
   
   (4) "Good faith" means honesty in fact and the observance of
   reasonable commercial standards of fair dealing;
   
   (5) "Maker" means a person who signs or is identified in a note as a
   person undertaking to pay;
   
   (6) "Order" means a written instruction to pay money signed by the
   person giving the instruction. The instruction may be addressed to any
   person, including the person giving the instruction, or to one or more
   persons jointly or in the alternative but not in succession. An
   authorization to pay is not an order unless the person authorized to
   pay is also instructed to pay;
   
   (7) "Ordinary care" in the case of a person engaged in business means
   observance of reasonable commercial standards, prevailing in the area
   in which the person is located, with respect to the business in which
   the person is engaged. In the case of a bank that takes an instrument
   for processing for collection or payment by automated means,
   reasonable commercial standards do not require the bank to examine the
   instrument if the failure to examine does not violate the bank's
   prescribed procedures and the bank's procedures do not vary
   unreasonably from general banking usage not disapproved by this
   article or Article 4 of this title;
   
   (8) "Party" means a party to an instrument;
   
   (9) "Promise" means a written undertaking to pay money signed by the
   person undertaking to pay. An acknowledgment of an obligation by the
   obligor is not a promise unless the obligor also undertakes to pay the
   obligation;
   
   (10) "Prove" with respect to a fact means to meet the burden of
   establishing the fact (subsection (8) of Section 1-201 of this title);
   and
   
   (11) "Remitter" means a person who purchases an instrument from its
   issuer if the instrument is payable to an identified person other than
   the purchaser.
   
   (b) Other definitions applying to this article and the sections in
   which they appear in this title are:
   
   "Acceptance" Section 3-409
   
   "Accommodated party" Section 3-419
   
   "Accommodation party" Section 3-419
   
   "Alteration" Section 3-407
   
   "Anomalous indorsement" Section 3-205
   
   "Blank indorsement" Section 3-205
   
   "Cashier's check" Section 3-104
   
   "Certificate of deposit" Section 3-104
   
   "Certified check" Section 3-409
   
   "Check" Section 3-104
   
   "Consideration" Section 3-303
   
   "Draft" Section 3-104
   
   "Holder in due course" Section 3-302
   
   "Incomplete instrument" Section 3-115
   
   "Indorsement" Section 3-204
   
   "Indorser" Section 3-204
   
   "Instrument" Section 3-104
   
   "Issue" Section 3-105
   
   "Issuer" Section 3-105
   
   "Negotiable instrument" Section 3-104
   
   "Negotiation" Section 3-201
   
   "Note" Section 3-104
   
   "Payable at a definite time" Section 3-108
   
   "Payable on demand" Section 3-108
   
   "Payable to bearer" Section 3-109
   
   "Payable to order" Section 3-109
   
   "Payment" Section 3-602
   
   "Person entitled to enforce" Section 3-301
   
   "Presentment" Section 3-501
   
   "Reacquisition" Section 3-207
   
   "Special indorsement" Section 3-205
   
   "Teller's check" Section 3-104
   
   "Transfer of instrument" Section 3-203
   
   "Traveler's check" Section 3-104
   
   "Value" Section 3-303
   
   (c) The following definitions in other articles of this title apply to
   this article:
   
   "Bank" Section 4-105
   
   "Banking day" Section 4-104
   
   "Clearing house" Section 4-104
   
   "Collecting bank" Section 4-105
   
   "Depositary bank" Section 4-105
   
   "Documentary draft" Section 4-104
   
   "Intermediary bank" Section 4-105
   
   "Item" Section 4-104
   
   "Payor bank" Section 4-105
   
   "Suspends payments" Section 4-104
   
   (d) In addition, Article 1 of the Uniform Commercial Code, this title,
   contains general definitions and principles of construction and
   interpretation applicable throughout this article.
   

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