Question: Read the situations and answer the questions. Make reference to the UCC Article 3 in your response. Kevin Pyle presents a check for $2,500 from
| Read the situations and answer the questions. Make reference to the UCC Article 3 in your response. |
Kevin Pyle presents a check for $2,500 from Albert Petree for payment to a teller at Star Bank, N.A. The check has the words "Payable only if Mr. Pyle has finished repairing the roof on my house within two weeks from this date."
Can this check be cashed? Explain.
http://www.uniformlaws.org/ActSummary.aspx?title=UCC%20Article%203,%20Negotiable%20Instruments%20(1990)
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