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.
Effective Date: 08-19-1994
Section: Previous 1303.01 1303.02 1303.03 1303.04 1303.05 1303.06 1303.07 1303.08 1303.09 1303.10 1303.11 1303.12 1303.13 1303.14 1303.15 NextLast modified: October 10, 2016