A check may fall under Uniform Commercial Code Article 3 as a negotiable instrument and be subject to UCC Article 4 in the course of collection.

Name: A check may fall under Uniform Commercial Code Article 3 as a negotiable instrument and be subject to UCC Article 4 in the course of collection.
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Question

Quizplus · Accepted Answer

A check is considered a negotiable instrument under UCC Article 3, which governs negotiable instruments, and its collection process is subject to UCC Article 4, which covers bank deposits and collections.

A Check May Fall Under Uniform Commercial Code Article 3