Question: UCC Article 4 establishes a framework for deposit and checking agreements between a bank and its customers. When a customer opens an account the bank
UCC Article establishes a framework for deposit and checking agreements between a bank and its customers. When a customer opens an account the bank and the customer enter into a contractual deposit agreement. The bank does NOT have to follow the rules of Article and can alter Article rules in the deposit agreement. The customer is bound by the deposit agreement if they accept the agreement as altered by the bank.
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