RCW 62A.3-202
Negotiation subject to rescission.
(a) Negotiation is effective even if obtained (i) from an infant, a corporation exceeding its powers, or a person without capacity, (ii) by fraud, duress, or mistake, or (iii) in breach of duty or as part of an illegal transaction.
(b) To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.
[ 1993 c 229 § 23; 1965 ex.s. c 157 § 3-202. Cf. former RCW sections: (i) RCW 62.01.030; 1955 c 35 § 62.01.030; prior: 1899 c 149 § 30; RRS § 3421. (ii) RCW 62.01.031; 1955 c 35 § 62.01.031; prior: 1899 c 149 § 31; RRS § 3422. (iii) RCW 62.01.032; 1955 c 35 § 62.01.032; prior: 1899 c 149 § 32; RRS § 3423.]
NOTES:
Recovery of attorneys' fees—Effective date—1993 c 229: See RCW 62A.11-111 and 62A.11-112.
Structure Revised Code of Washington
Title 62A - Uniform Commercial Code
Chapter 62A.3 - Negotiable Instruments.
62A.3-104 - Negotiable instrument.
62A.3-105 - Issue of instrument.
62A.3-106 - Unconditional promise or order.
62A.3-107 - Instrument payable in foreign money.
62A.3-108 - Payable on demand or at definite time.
62A.3-109 - Payable to bearer or to order.
62A.3-110 - Identification of person to whom instrument is payable.
62A.3-113 - Date of instrument.
62A.3-114 - Contradictory terms of instrument.
62A.3-115 - Incomplete instrument.
62A.3-116 - Joint and several liability; contribution.
62A.3-117 - Other agreements affecting instrument.
62A.3-118 - Statute of limitations.
62A.3-119 - Notice of right to defend action.
62A.3-202 - Negotiation subject to rescission.
62A.3-203 - Transfer of instrument; rights acquired by transfer.
62A.3-205 - Special indorsement; blank indorsement; anomalous indorsement.
62A.3-206 - Restrictive indorsement.
62A.3-301 - Person entitled to enforce instrument.
62A.3-302 - Holder in due course.
62A.3-303 - Value and consideration.
62A.3-304 - Overdue instrument.
62A.3-305 - Defenses and claims in recoupment.
62A.3-306 - Claims to an instrument.
62A.3-307 - Notice of breach of fiduciary duty.
62A.3-308 - Proof of signatures and status as holder in due course.
62A.3-309 - Enforcement of lost, destroyed, or stolen instrument.
62A.3-310 - Effect of instrument on obligation for which taken.
62A.3-311 - Accord and satisfaction by use of instrument.
62A.3-312 - Lost, destroyed, or stolen cashier's check, teller's check, or certified check.
62A.3-402 - Signature by representative.
62A.3-403 - Unauthorized signature.
62A.3-404 - Impostors; fictitious payees.
62A.3-405 - Employer's responsibility for fraudulent indorsement by employee.
62A.3-406 - Negligence contributing to forged signature or alteration of instrument.
62A.3-408 - Drawee not liable on unaccepted draft.
62A.3-409 - Acceptance of draft; certified check.
62A.3-410 - Acceptance varying draft.
62A.3-411 - Refusal to pay cashier's checks, teller's checks, and certified checks.
62A.3-412 - Obligation of issuer of note or cashier's check.
62A.3-413 - Obligation of acceptor.
62A.3-414 - Obligation of drawer.
62A.3-415 - Obligation of indorser.
62A.3-416 - Transfer warranties.
62A.3-417 - Presentment warranties.
62A.3-418 - Payment or acceptance by mistake.
62A.3-419 - Instruments signed for accommodation.
62A.3-420 - Conversion of instrument.
62A.3-503 - Notice of dishonor.
62A.3-504 - Excused presentment and notice of dishonor.
62A.3-505 - Evidence of dishonor.
62A.3-512 - Credit cards—As identification—In lieu of deposit.
62A.3-520 - Statutory form for notice of dishonor.
62A.3-522 - Notice of dishonor—Affidavit of service by mail.
62A.3-525 - Consequences for failing to comply with requirements.
62A.3-540 - Collection agencies—Statutory form for notice of dishonor.
62A.3-550 - Collection agencies—Consequences for failing to comply with requirements.
62A.3-601 - Discharge and effect of discharge.
62A.3-603 - Tender of payment.
62A.3-604 - Discharge by cancellation or renunciation.
62A.3-605 - Discharge of indorsers and accommodation parties.