§ 4.501 Handling of Documentary Drafts; Duty to Send for Presentment and to Notify Customer of Dishonor
§ 4.502 Presentment of “On Arrival” Drafts
§ 4.503 Responsibility of Presenting Bank for Documents and Goods; Report of Reasons for Dishonor; Referee in Case of Need
§ 4.504 Privilege of Presenting Bank to Deal With Goods; Security Interest for Expenses
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Terms Used In Texas Business and Commerce Code Chapter 4 > Subchapter E - Collection of Documentary Drafts

  • Arraignment: A proceeding in which an individual who is accused of committing a crime is brought into court, told of the charges, and asked to plead guilty or not guilty.
  • Contract: A legal written agreement that becomes binding when signed.
  • Customer: means a person having an account with a bank or for whom a bank has agreed to collect items, including a bank that maintains an account at another bank. See Texas Business and Commerce Code 4.104
  • Documentary draft: means a draft to be presented for acceptance or payment if specified documents, certificated securities (Section Texas Business and Commerce Code 4.104
  • Draft: means a draft as defined in Section Texas Business and Commerce Code 4.104
  • Drawee: means a person ordered in a draft to make payment. See Texas Business and Commerce Code 4.104
  • 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.
  • Plea: In a criminal case, the defendant's statement pleading "guilty" or "not guilty" in answer to the charges, a declaration made in open court.
  • 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).