Page:United States Statutes at Large Volume 77.djvu/705

 77 STAT. ]

PUBLIC LAW 88-243-DEC. 30, 1963

with reasonable certainty. It may be addressed to one or more snch persons jointly or in the alternative but not in succession.' (c) A "promise" is an undertaking to pay and must be more than an acknowledgment of an obligation. (d) "Secondary party" means a drawer or endorser. (e) "Instrument" means a negotiable instrument. (2) Other definitions applying to this article and the sections in which they appear are: "Acceptance". Section 28:3—110. "Accommodation party-'. Section 28:3—115. "Alteration". Section 2 8: 3 - ^ 0 7. "Certificate of deposit". Section 28:3—104. "Certification". Section 28:3—411. "Check". Section 28:3—104. "Definite time". Section 28:3—109. "Dishonor". Section 28:3—507. "Draft". Section 28:3—104. "Holder in due course". Section 28:3—302. "Negotiation". Section 28:3—202. "Note". Section 28:3—104. "Notice of dishonor". Section 28:3—508. "On demand". Section 28:3—108. "Presentment". Section 28:3—504. "Protest". Section 28:3—509. "Restrictive Indorsement". Section 28:3—205. "Signature". Section 28:3—401. (3) The following definitions in other articles apply to this article. "Account". Section 28:4—104. "Banking day". Section 28:4^104. "Clearing house". Section 28:4—104. "Collecting bank". Section 28:4—105. "Customer". Section 28:4—104. "Depositary bank". Section 28:4—105. "Documentary draft". Section 28:4—104. "Intermediary bank". Section 28:4—105. "Item". Section 28:4^104. "Midnight deadline". Section 28:4—104. "Payor bank". Section 28:4—105. (4) In addition article 1 contains general definitions and principles of construction and interpretation applicable throughout this article. § 28:3—103. Limitations on scope of article (1) This article does not apply to money, documents of title or j uvestment securities. (2) The provisions of this article are subject to the provisions oi the article on bank deposits and collections (article 4) and secured transactions (article 9). §28:3—104. Form of negotiable instruments; "draft"; "check"; "certificate of deposit"; "note" (1) Any writing to be a negotiable instrument within this article must (a) be signed by the maker or drawer; and (b^ contain an unconditional promise or order to pay a sum certain in money and no other promise, order, obligation or power given by the maker or drawer except as authorized by this article; and (c) be payable on demand or at a definite time; and (d) be payable to order or to bearer. 93-025 0-64-45

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