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)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!