Code of Virginia - Title 8.3A Commercial Code - Negotiable Instruments - Part 1 General Provisions And Definitions
- 8.3A-101 Short title
This title may be cited as Uniform Commercial Code - Negotiable Instruments. (1964, c. 219, § 8.3-101; 1992, c. 693.) ...
- 8.3A-102 Subject matter
(a) This title applies to negotiable instruments. It does not apply to money, to payment orders governed by Title 8.4A, or to securities governed by ...
- 8.3A-103 Definitions
(a) In this title: (1) "Acceptor" means a drawee who has accepted a draft. (2) "Drawee" means a person ordered in a draft to make ...
- 8.3A-104 Negotiable instrument
(a) Except as provided in subsections (c) and (d), "negotiable instrument" means an unconditional promise or order to pay a fixed amount of money, with ...
- 8.3A-105 Issue of instrument
(a) "Issue" means the first delivery of an instrument by the maker or drawer, whether to a holder or nonholder, for the purpose of giving ...
- 8.3A-106 Unconditional promise or order
(a) Except as provided in this section, for the purposes of § 8.3A-104 (a), a promise or order is unconditional unless it states (i) an ...
- 8.3A-107 Instrument payable in foreign money
Unless the instrument otherwise provides, an instrument that states the amount payable in foreign money may be paid in the foreign money or in an ...
- 8.3A-108 Payable on demand or at definite time
(a) A promise or order is "payable on demand" if it (i) states that it is payable on demand or at sight, or otherwise indicates ...
- 8.3A-109 Payable to bearer or to order
(a) A promise or order is payable to bearer if it: (1) states that it is payable to bearer or to the order of bearer ...
- 8.3A-110 Identification of person to whom instrument is payable
(a) The person to whom an instrument is initially payable is determined by the intent of the person, whether or not authorized, signing as, or ...
- 8.3A-111 Place of payment
Except as otherwise provided for items in Title 8.4, an instrument is payable at the place of payment stated in the instrument. If no place ...
- 8.3A-112 Interest
(a) Unless otherwise provided in the instrument, (i) an instrument is not payable with interest, and (ii) interest on an interest-bearing instrument is payable from ...
- 8.3A-113 Date of instrument
(a) An instrument may be antedated or postdated. The date stated determines the time of payment if the instrument is payable at a fixed period ...
- 8.3A-114 Contradictory terms of instrument
If an instrument contains contradictory terms, typewritten terms prevail over printed terms, handwritten terms prevail over both, and words prevail over numbers. (Code 1950, §§ ...
- 8.3A-115 Incomplete instrument
(a) "Incomplete instrument" means a signed writing, whether or not issued by the signer, the contents of which show at the time of signing that ...
- 8.3A-116 Joint and several liability; contribution
(a) Except as otherwise provided in the instrument, two or more persons who have the same liability on an instrument as makers, drawers, acceptors, endorsers ...
- 8.3A-117 Other agreements affecting instrument
Subject to applicable law regarding exclusion of proof of contemporaneous or previous agreements, the obligation of a party to an instrument to pay the instrument ...
- 8.3A-118 Statute of limitations
(a) Except as provided in subsection (e), an action to enforce the obligation of a party to pay a note payable at a definite time ...
- 8.3A-118.1 Statute of limitations on deposit accounts and certificates of deposit.
An action to enforce the obligations of a bank to pay all or part of the balance of a deposit account or certificate of deposit ...
- 8.3A-119 Notice of right to defend action
In an action for breach of an obligation for which a third person is answerable over pursuant to this title or Title 8.4, the defendant ...
Last modified: April 3, 2009