13 Guam Code Ann. § 3411
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 13 Guam Code Ann. § 3411
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
) Certification of a check is acceptance. Where a holder procures certification the drawer and all prior indorsers are discharged.
(2) Unless otherwise agreed a bank has no obligation to certify a check.
(3) A bank may certify a check before returning it for lack of proper indorsement. If it does so the drawer is discharged.