Parties

Uniform commercial code, §11-1-201. Payment date. Funds transfers, §11-4A-401. Payment intangible. Secured transactions, §11-9-102. Payment order. Commercial code, §11-4A-103. Payor bank. Bank deposits and collections, §§11-4-104, 11-4-105. Person. Uniform commercial code, §11-1-201. Person entitled under the document. Documents of title, §11-7-102. DEFINED TERMS —Cont’d Person in position of seller. Sales, §§11-2-103, 11-2-707. Person related to. Secured transactions, §11-9-102. Place of business. Secured transactions, §11-9-307. Presentation. Letters of credit, §11-5-102. Presenter. Letters of credit, §11-5-102. Presenting bank. Bank deposits and collections, §§11-4-104, 11-4-105. Presentment. Bank deposits and collections, §11-4-104. Present sale, §§11-2-103, 11-2-106.