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39 chapters · 1,479 sections in this title.
Ohio Rev. Code Ann. § 1303.55 Obligation of indorser - UCC 3-415
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(A) Subject to divisions (B), (C), (D), and (E) of this section and to division (D) of section 1303.59 of the Revised Code, if an instrument is dishonored, an indorser is obliged to pay the amount due on the instrument according to the terms of the instrument at the time it was i…
Ohio Rev. Code Ann. § 1303.56 Transfer warranties - UCC 3-416
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(A) A person who transfers an instrument for consideration warrants all of the following to the transferee and, if the transfer is by indorsement, to any subsequent transferee: (1) The warrantor is a person entitled to enforce the instrument. (2) All signatures on the instrument …
Ohio Rev. Code Ann. § 1303.57 Presentment warranties - UCC 3-417
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(A) If an unaccepted draft is presented to the drawee for payment or acceptance and the drawee pays or accepts the draft, the person obtaining payment or acceptance, at the time of presentment, and a previous transferor of the draft, at the time of transfer, warrant to the drawee…
Ohio Rev. Code Ann. § 1303.58 Payment or acceptance by mistake - UCC 3-418
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(A) Except as provided in division (C) of this section, if the drawee of a draft pays or accepts the draft and the drawee acted on the mistaken belief that payment of the draft had not been stopped pursuant to section 1304.32 of the Revised Code, or that the signature of the draw…