Article 3 of the Uniform Commercial Code establishes the rules and principles that regulate bank deposit and collection procedures for checking accounts offered by commercial banks.

Question

Quizplus · Accepted Answer

Article 3 of the Uniform Commercial Code (UCC) deals with negotiable instruments, such as checks and promissory notes, not specifically with bank deposit and collection procedures. Those are covered under Article 4 of the UCC.

Article 3 of the Uniform Commercial Code Establishes the Rules