Code of Alabama
Article 3 - Negotiable Instruments.
Part 4 - Liability of Parties.

Section 7-3-401 - Signature. - (a) A person is not liable on an instrument unless...

Section 7-3-402 - Signature by Representative. - (a) If a person acting, or purporting to act, as...

Section 7-3-403 - Unauthorized Signature. - (a) Unless otherwise provided in this article or Article 4,...

Section 7-3-404 - Impostors; Fictitious Payees. - (a) If an impostor, by use of the mails or...

Section 7-3-405 - Employer's Responsibility for Fraudulent Indorsement by Employee. - (a) This section applies to fraudulent indorsements of instruments with...

Section 7-3-406 - Negligence Contributing to Forged Signature or Alteration of Instrument. - (a) A person whose failure to exercise ordinary care substantially...

Section 7-3-407 - Alteration. - (a) "Alteration" means (i) an unauthorized change in an instrument...

Section 7-3-408 - Drawee Not Liable on Unaccepted Draft. - A check or other draft does not of itself operate...

Section 7-3-409 - Acceptance of Draft; Certified Check. - (a) "Acceptance" means the drawee's signed agreement to pay a...

Section 7-3-410 - Acceptance Varying Draft. - (a) If the terms of a drawee's acceptance vary from...

Section 7-3-411 - Refusal to Pay Cashier's Checks, Teller's Checks, and Certified Checks. - (a) In this section, "obligated bank" means the acceptor of...

Section 7-3-412 - Obligation of Issuer of Note or Cashier's Check. - The issuer of a note or cashier's check or other...

Section 7-3-413 - Obligation of Acceptor. - (a) The acceptor of a draft is obliged to pay...

Section 7-3-414 - Obligation of Drawer. - (a) This section does not apply to cashier's checks or...

Section 7-3-415 - Obligation of Indorser. - (a) Subject to subsections (b), (c), and (d) and to...

Section 7-3-416 - Transfer Warranties. - (a) A person who transfers an instrument for consideration warrants...

Section 7-3-417 - Presentment Warranties. - (a) If an unaccepted draft is presented to the drawee...

Section 7-3-418 - Payment or Acceptance by Mistake. - (a) Except as provided in subsection (c), if the drawee...

Section 7-3-419 - Instruments Signed for Accommodation. - (a) If an instrument is issued for value given for...

Section 7-3-420 - Conversion of Instrument. - (a) An instrument is converted under circumstances which would constitute...