§ 810 ILCS 5/4-501 Handling of documentary drafts; duty to send for presentment and to notify customer of dishonor
§ 810 ILCS 5/4-502 Presentment of “on arrival” drafts
§ 810 ILCS 5/4-503 Responsibility of presenting bank for documents and goods; report of …
§ 810 ILCS 5/4-504 Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses
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Terms Used In Illinois Compiled Statutes > 810 ILCS 5 > Article 4 > Part 5 - Collection Of Documentary Drafts

  • Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • 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.
  • Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
  • Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
  • Statute: A law passed by a legislature.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testimony: Evidence presented orally by witnesses during trials or before grand juries.