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    • Legislation USA
    • New York Laws
    • UCC - Uniform Commercial Code
    • Article 3 - Commercial Paper
    • Part 4 - Liability of Parties
    • 3-418 - Finality of Payment or Acceptance.

    New York Laws
    Part 4 - Liability of Parties
    3-418 - Finality of Payment or Acceptance.


    Except for recovery of bank payments as provided in the Article on
    Bank Deposits and Collections (Article 4) and except for liability for
    breach of warranty on presentment under the preceding section, payment
    or acceptance of any instrument is final in favor of a holder in due
    course, or a person who has in good faith changed his position in
    reliance on the payment.

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    Structure New York Laws

    New York Laws

    UCC - Uniform Commercial Code

    Article 3 - Commercial Paper

    Part 4 - Liability of Parties

    3-401 - Signature.

    3-402 - Signature in Ambiguous Capacity.

    3-403 - Signature by Authorized Representative.

    3-404 - Unauthorized Signatures.

    3-405 - Impostors; Signature in Name of Payee.

    3-406 - Negligence Contributing to Alteration or Unauthorized Signature.

    3-407 - Alteration.

    3-408 - Consideration.

    3-409 - Draft Not an Assignment.

    3-410 - Definition and Operation of Acceptance.

    3-411 - Certification of a Check.

    3-412 - Acceptance Varying Draft.

    3-413 - Contract of Maker, Drawer and Acceptor.

    3-414 - Contract of Indorser; Order of Liability.

    3-415 - Contract of Accommodation Party.

    3-416 - Contract of Guarantor.

    3-417 - Warranties on Presentment and Transfer.

    3-418 - Finality of Payment or Acceptance.

    3-419 - Conversion of Instrument; Innocent Representative.

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