If an instrument is incomplete when the maker signs it, the maker's ob?ligation is to pay it to an HDC according to the incomplete terms.

Name: If an instrument is incomplete when the maker signs it, the maker's ob?ligation is to pay it to an HDC according to the incomplete terms.
Brand: Quizplus
Rating: 4.9 (32 reviews)

Question

Quizplus · Accepted Answer

The maker's obligation is to pay according to the terms completed, not the incomplete terms, if the holder is a Holder in Due Course (HDC).

If an Instrument Is Incomplete When the Maker Signs It