Bank Deposits and Collections & The Uniform Commercial Code
Anyone who has a checking or savings account with a bank is directly impacted by Article 4. Art imposes specific duties upon the customer and the bank. Banks are required to take proper action before their midnight deadline, and customers are under a duty to examine bank statements within a reasonable time. Stop payment orders and warranties are also briefly discussed. For a book excerpt discussing Bank Deposits and Collections please see:
http://uccmadeeasybook.com/excerpts/
http://ucc-madeeasy.blogspot.com/