Section 7-4-209 Encoding and Retention Warranties.
People who encode information on an item after issue, or who retain an item under an electronic-presentment agreement, must warrant compliance to later collecting and payor banks. A good-faith person receiving those warranties may recover damages for breach.
- Jurisdiction
- United States — Alabama
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
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banking electronic presentment payment processing warranties
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Section 7-4-209 Encoding and Retention Warranties.
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