Examlex
Which of the following is the best example of a programmed decision?
UCC Section 3-401
A provision within the Uniform Commercial Code that pertains to the authorization and validity of signatures on negotiable instruments, contributing to their enforceability.
Negotiable Instrument
A signed document promising payment to a specified person or the bearer under certain conditions, like checks, drafts, and promissory notes.
Indorser's Liability
The responsibility borne by a person who endorses a negotiable instrument, such as a check, potentially making them liable for its payment.
Presentment
The formal presentation of a financial instrument, such as a check, for payment.
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