Section 1303.04 | Issue of instrument - UCC 3-105(b).
An unissued instrument, or an unissued incomplete instrument that is completed, is binding on the maker or drawer, but nonissuance is a defense. An instrument that is conditionally issued or is issued for a special purpose is binding on the maker or drawer, but the failure of the condition or special purpose to be fulfilled is a defense.
Available Versions of this Section
- August 19, 1994 – Senate Bill 147, 120th General Assembly [ View August 19, 1994 Version ]