Learning the UCC

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Question:

Is there anywhere that the UCC code is in "easier to read" terms? I am still not clear on the liabilities of banks when it comes to forged payee/signatures and counterfeit checks. Can you explain?

Answer:

It's worse than reading stereo instructions, isn't it?

On BOL, check our Information Vault. In it, you will find links to a wealth of articles on the subject.

Plus, I'd like to invite you to register for my BOL Learning Connect Webinar: Problem Checks: Forgeries, which is a two hour program scheduled for November 19th.

It's the first in a series of UCC-related webinars I'll be teaching which will explain, in plain English, all about duties, responsibilities, liabilities, timing rules, defenses and all the rest.

First published on BankersOnline.com 10/20/03