§ 3408. Drawee not liable on unaccepted draft. 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.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 34 - Liability of Parties
Section 3402 - Signature by representative
Section 3403 - Unauthorized signature
Section 3404 - Impostors; fictitious payees
Section 3405 - Employer's responsibility for fraudulent indorsement by employee
Section 3406 - Negligence contributing to forged signature or alteration of instrument
Section 3408 - Drawee not liable on unaccepted draft
Section 3409 - Acceptance of draft; certified check
Section 3410 - Acceptance varying draft
Section 3411 - Refusal to pay cashier's checks, teller's checks and certified checks
Section 3412 - Obligation of issuer of note or cashier's check
Section 3413 - Obligation of acceptor
Section 3414 - Obligation of drawer
Section 3415 - Obligation of indorser
Section 3416 - Transfer warranties
Section 3417 - Presentment warranties
Section 3418 - Payment or acceptance by mistake