reglab/housing_qa huggingface dataset:
SD Codified L § 57A-3-414 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-414 - Obligation of drawer.

57A-3-414. Obligation of drawer.(a) This section does not apply to cashier's checks or other drafts drawn on the drawer.(b) If an unaccepted draft is dishonored, the drawer is obliged to pay the draft (i) according to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder, or (ii) if the drawer signed an incomplete instrument, according to its terms when completed, to the extent stated in §§57A-3-115 and 57A-3-407. The obligation is owed to a person entitled to enforce the draft or to an indorser who paid the draft under §57A-3-415.(c) If a draft is accepted by a bank, the drawer is discharged, regardless of when or by whom acceptance was obtained.(d) If a draft is accepted and the acceptor is not a bank, the obligation of the drawer to pay the draft if the draft is dishonored by the acceptor is the same as the obligation of an indorser under section §57A-3-415(a) and (c).(e) If a draft states that it is drawn "without recourse" or otherwise disclaims liability of the drawer to pay the draft, the drawer is not liable under subsection (b) to pay the draft if the draft is not a check. A disclaimer of the liability stated in subsection (b) is not effective if the draft is a check.(f) If (i) a check is not presented for payment or given to a depositary bank for collection within thirty days after its date, (ii) the drawee suspends payments after expiration of the thirty-day period without paying the check, and (iii) because of the suspension of payments, the drawer is deprived of funds maintained with the drawee to cover payment of the check, the drawer to the extent deprived of funds may discharge its obligation to pay the check by assigning to the person entitled to enforce the check the rights of the drawer against the drawee with respect to the funds. Source: SL 1994, ch 367, §3-414.
SD Codified L § 57A-3-415 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-415 - Obligation of indorser.

57A-3-415. Obligation of indorser.(a) Subject to subsections (b), (c), (d), and (e) and to §57A-3-419(d), if an instrument is dishonored, an indorser is obliged to pay the amount due on the instrument (i) according to the terms of the instrument at the time it was indorsed, or (ii) if the indorser indorsed an incomplete instrument, according to its terms when completed, to the extent stated in §§57A-3-115 and 57A-3-407. The obligation of the indorser is owed to a person entitled to enforce the instrument or to a subsequent indorser who paid the instrument under this section.(b) If an indorsement states that it is made "without recourse" or otherwise disclaims liability of the indorser, the indorser is not liable under subsection (a) to pay the instrument.(c) If notice of dishonor of an instrument is required by section 57A-3-503 and notice of dishonor complying with that section is not given to an indorser, the liability of the indorser under subsection (a) is discharged.(d) If a draft is accepted by a bank after an indorsement is made, the liability of the indorser under subsection (a) is discharged.(e) If an indorser of a check is liable under subsection (a) and the check is not presented for payment, or given to a depositary bank for collection, within thirty days after the day the indorsement was made, the liability of the indorser under subsection (a) is discharged. Source: SL 1994, ch 367, §3-415.
SD Codified L § 57A-3-416 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-416 - Transfer warranties.

57A-3-416. Transfer warranties.(a) A person who transfers an instrument for consideration warrants to the transferee and, if the transfer is by indorsement, to any subsequent transferee that:(1)The warrantor is a person entitled to enforce the instrument;(2)All signatures on the instrument are authentic and authorized;(3)The instrument has not been altered;(4)The instrument is not subject to a defense or claim in recoupment of any party which can be asserted against the warrantor; and(5)The warrantor has no knowledge of any insolvency proceeding commenced with respect to the maker or acceptor or, in the case of an unaccepted draft, the drawer.(b) A person to whom the warranties under subsection (a) are made and who took the instrument in good faith may recover from the warrantor as damages for breach of warranty an amount equal to the loss suffered as a result of the breach, but not more than the amount of the instrument plus expenses and loss of interest incurred as a result of the breach.(c) The warranties stated in subsection (a) cannot be disclaimed with respect to checks. Unless notice of a claim for breach of warranty is given to the warrantor within thirty days after the claimant has reason to know of the breach and the identity of the warrantor, the liability of the warrantor under subsection (b) is discharged to the extent of any loss caused by the delay in giving notice of the claim.(d) A cause of action for breach of warranty under this section accrues when the claimant has reason to know of the breach. Source: SL 1994, ch 367, §3-416.
SD Codified L § 57A-3-418 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-418 - Payment or acceptance by mistake.

57A-3-418. Payment or acceptance by mistake.(a) Except as provided in subsection (c), if the drawee of a draft pays or accepts the draft and the drawee acted on the mistaken belief that (i) payment of the draft had not been stopped pursuant to §57A-4-403 or (ii) the signature of the drawer of the draft was authorized, the drawee may recover the amount of the draft from the person to whom or for whose benefit payment was made or, in the case of acceptance, may revoke the acceptance. Rights of the drawee under this subsection are not affected by failure of the drawee to exercise ordinary care in paying or accepting the draft.(b) Except as provided in subsection (c), if an instrument has been paid or accepted by mistake and the case is not covered by subsection (a), the person paying or accepting may, to the extent permitted by the law governing mistake and restitution, (i) recover the payment from the person to whom or for whose benefit payment was made or (ii) in the case of acceptance, may revoke the acceptance.(c) The remedies provided by subsection (a) or (b) may not be asserted against a person who took the instrument in good faith and for value or who in good faith changed position in reliance on the payment or acceptance. This subsection does not limit remedies provided by §57A-3-417 or 57A-4-407.(d) Notwithstanding §57A-4-215, if an instrument is paid or accepted by mistake and the payor or acceptor recovers payment or revokes acceptance under subsection (a) or (b), the instrument is deemed not to have been paid or accepted and is treated as dishonored, and the person from whom payment is recovered has rights as a person entitled to enforce the dishonored instrument. Source: SL 1994, ch 367, §3-418.
SD Codified L § 57A-3-419 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-419 - Instruments signed for accommodation.

57A-3-419. Instruments signed for accommodation.(a) If an instrument is issued for value given for the benefit of a party to the instrument ("accommodated party") and another party to the instrument ("accommodation party") signs the instrument for the purpose of incurring liability on the instrument without being a direct beneficiary of the value given for the instrument, the instrument is signed by the accommodation party "for accommodation."(b) An accommodation party may sign the instrument as maker, drawer, acceptor, or indorser and, subject to subsection (d), is obliged to pay the instrument in the capacity in which the accommodation party signs. The obligation of an accommodation party may be enforced notwithstanding any statute of frauds and whether or not the accommodation party receives consideration for the accommodation.(c) A person signing an instrument is presumed to be an accommodation party and there is notice that the instrument is signed for accommodation if the signature is an anomalous indorsement or is accompanied by words indicating that the signer is acting as surety or guarantor with respect to the obligation of another party to the instrument. Except as provided in §57A-3-605, the obligation of an accommodation party to pay the instrument is not affected by the fact that the person enforcing the obligation had notice when the instrument was taken by that person that the accommodation party signed the instrument for accommodation.(d) If the signature of a party to an instrument is accompanied by words indicating unambiguously that the party is guaranteeing collection rather than payment of the obligation of another party to the instrument, the signer is obliged to pay the amount due on the instrument to a person entitled to enforce the instrument only if (i) execution of judgment against the other party has been returned unsatisfied, (ii) the other party is insolvent or in an insolvency proceeding, (iii) the other party cannot be served with process, or (iv) it is otherwise apparent that payment cannot be obtained from the other party.(e) An accommodation party who pays the instrument is entitled to reimbursement from the accommodated party and is entitled to enforce the instrument against the accommodated party. An accommodated party who pays the instrument has no right of recourse against, and is not entitled to contribution from, an accommodation party. Source: SL 1994, ch 367, §3-419.
SD Codified L § 57A-3-420 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-420 - Conversion of instrument.

57A-3-420. Conversion of instrument.(a) The law applicable to conversion of personal property applies to instruments. An instrument is also converted if it is taken by transfer, other than a negotiation, from a person not entitled to enforce the instrument or a bank makes or obtains payment with respect to the instrument for a person not entitled to enforce the instrument or receive payment. An action for conversion of an instrument may not be brought by (i) the issuer or acceptor of the instrument or (ii) a payee or indorsee who did not receive delivery of the instrument either directly or through delivery to an agent or a co-payee.(b) In an action under subsection (a), the measure of liability is presumed to be the amount payable on the instrument, but recovery may not exceed the amount of the plaintiff's interest in the instrument.(c) A representative, other than a depositary bank, who has in good faith dealt with an instrument or its proceeds on behalf of one who was not the person entitled to enforce the instrument is not liable in conversion to that person beyond the amount of any proceeds that it has not paid out. Source: SL 1994, ch 367, §3-420.
SD Codified L § 57A-3-421 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-421 - Collection costs and expenses--Liability of issuer of dishonored check.

57A-3-421. Collection costs and expenses--Liability of issuer of dishonored check.If a merchant or place of business conspicuously posts a notice on its premises or if a merchant or place of business regularly extends credit and prints a notice on its customer statements of such size and location as to be conspicuous, stating that a fee will be assessed against returned checks, any person who issues a check or other draft to the merchant or place of business which is not honored for any of the following reasons upon presentment is liable for all reasonable costs and expenses of collection:(1)The drawer's account is closed;(2)The drawer's account does not have sufficient funds; or(3)The drawer does not have sufficient credit with the drawee.The costs and expenses provided for in this section are reasonable if they do not exceed forty dollars plus any applicable sales tax. Source: SL 1983, ch 368, §1; SL 1986, ch 171, §2; SL 1991, ch 396; SDCL §57A-3-420; SL 2001, ch 260, §1; SL 2007, ch 284, §1.
SD Codified L § 57A-3-422 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-422 - Circumstances under which issuer of dishonored check liable--Reasonable costs and expenses.

57A-3-422. Circumstances under which issuer of dishonored check liable--Reasonable costs and expenses.Any person who issues a check or other draft to the state or any of its political subdivisions that is not honored for any of the following reasons upon presentation is liable for all reasonable costs and expenses of collection:(1)The drawer's account is closed;(2)The drawer's account does not have sufficient funds; or(3)The drawer does not have sufficient credit with the drawee.The costs and expenses provided for in this section are considered reasonable if they do not exceed forty dollars. Source: SL 1989, ch 420; SDCL §57A-3-421; SL 2000, ch 144, §4; SL 2015, ch 245, §1.
SD Codified L § 57A-3-501 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-501 - Presentment.

57A-3-501. Presentment.(a) "Presentment" means a demand made by or on behalf of a person entitled to enforce an instrument (i) to pay the instrument made to the drawee or a party obliged to pay the instrument or, in the case of a note or accepted draft payable at a bank, to the bank, or (ii) to accept a draft made to the drawee.(b) The following rules are subject to chapter 57A-4, agreement of the parties, and clearing-house rules and the like:(1)Presentment may be made at the place of payment of the instrument and must be made at the place of payment if the instrument is payable at a bank in the United States; may be made by any commercially reasonable means, including an oral, written, or electronic communication; is effective when the demand for payment or acceptance is received by the person to whom presentment is made; and is effective if made to any one of two or more makers, acceptors, drawees, or other payors.(2)Upon demand of the person to whom presentment is made, the person making presentment must (i) exhibit the instrument, (ii) give reasonable identification and, if presentment is made on behalf of another person, reasonable evidence of authority to do so, and (iii) sign a receipt on the instrument for any payment made or surrender the instrument if full payment is made.(3)Without dishonoring the instrument, the party to whom presentment is made may (i) return the instrument for lack of a necessary indorsement, or (ii) refuse payment or acceptance for failure of the presentment to comply with the terms of the instrument, an agreement of the parties, or other applicable law or rule.(4)The party to whom presentment is made may treat presentment as occurring on the next business day after the day of presentment if the party to whom presentment is made has established a cut-off hour not earlier than two p.m. for the receipt and processing of instruments presented for payment or acceptance and presentment is made after the cut-off hour. Source: SL 1994, ch 367, §3-501.
SD Codified L § 57A-3-503 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-503 - Notice of dishonor.

57A-3-503. Notice of dishonor.(a) The obligation of an indorser stated in §57A-3-415(a) and the obligation of a drawer stated in §57A-3-414(d) may not be enforced unless (i) the indorser or drawer is given notice of dishonor of the instrument complying with this section or (ii) notice of dishonor is excused under §57A-3-504(b).(b) Notice of dishonor may be given by any person; may be given by any commercially reasonable means, including an oral, written, or electronic communication; and is sufficient if it reasonably identifies the instrument and indicates that the instrument has been dishonored or has not been paid or accepted. Return of an instrument given to a bank for collection is sufficient notice of dishonor.(c) Subject to §57A-3-504(c), with respect to an instrument taken for collection by a collecting bank, notice of dishonor must be given (i) by the bank before midnight of the next banking day following the banking day on which the bank receives notice of dishonor of the instrument, or (ii) by any other person within thirty days following the day on which the person receives notice of dishonor. With respect to any other instrument, notice of dishonor must be given within thirty days following the day on which dishonor occurs. Source: SL 1994, ch 367, §3-503.
SD Codified L § 57A-3-504 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-504 - Excused presentment and notice of dishonor.

57A-3-504. Excused presentment and notice of dishonor.(a) Presentment for payment or acceptance of an instrument is excused if (i) the person entitled to present the instrument cannot with reasonable diligence make presentment, (ii) the maker or acceptor has repudiated an obligation to pay the instrument or is dead or in insolvency proceedings, (iii) by the terms of the instrument presentment is not necessary to enforce the obligation of indorsers or the drawer, (iv) the drawer or indorser whose obligation is being enforced has waived presentment or otherwise has no reason to expect or right to require that the instrument be paid or accepted, or (v) the drawer instructed the drawee not to pay or accept the draft or the drawee was not obligated to the drawer to pay the draft.(b) Notice of dishonor is excused if (i) by the terms of the instrument notice of dishonor is not necessary to enforce the obligation of a party to pay the instrument, or (ii) the party whose obligation is being enforced waived notice of dishonor. A waiver of presentment is also a waiver of notice of dishonor.(c) Delay in giving notice of dishonor is excused if the delay was caused by circumstances beyond the control of the person giving the notice and the person giving the notice exercised reasonable diligence after the cause of the delay ceased to operate. Source: SL 1994, ch 367, §3-504.
SD Codified L § 57A-3-505 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-505 - Evidence of dishonor.

57A-3-505. Evidence of dishonor.(a) The following are admissible as evidence and create a presumption of dishonor and of any notice of dishonor stated:(1)A document regular in form as provided in subsection (b) which purports to be a protest;(2)A purported stamp or writing of the drawee, payor bank, or presenting bank on or accompanying the instrument stating that acceptance or payment has been refused unless reasons for the refusal are stated and the reasons are not consistent with dishonor;(3)A book or record of the drawee, payor bank, or collecting bank, kept in the usual course of business which shows dishonor, even if there is no evidence of who made the entry.(b) A protest is a certificate of dishonor made by a United States consul or vice consul, or a notary public or other person authorized to administer oaths by the law of the place where dishonor occurs. It may be made upon information satisfactory to that person. The protest must identify the instrument and certify either that presentment has been made or, if not made, the reason why it was not made, and that the instrument has been dishonored by nonacceptance or nonpayment. The protest may also certify that notice of dishonor has been given to some or all parties. Source: SL 1994, ch 367, §3-505.
SD Codified L § 57A-3-601 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-601 - Discharge and effect of discharge.

57A-3-601. Discharge and effect of discharge.(a) The obligation of a party to pay the instrument is discharged as stated in this article or by an act or agreement with the party which would discharge an obligation to pay money under a simple contract.(b) Discharge of the obligation of a party is not effective against a person acquiring rights of a holder in due course of the instrument without notice of the discharge. Source: SL 1994, ch 367, §3-601.
SD Codified L § 57A-3-602 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-602 - Payment.

57A-3-602. Payment.(a) Subject to subsection (b), an instrument is paid to the extent payment is made (i) by or on behalf of a party obliged to pay the instrument, and (ii) to a person entitled to enforce the instrument. To the extent of the payment, the obligation of the party obliged to pay the instrument is discharged even though payment is made with knowledge of a claim to the instrument under §57A-3-306 by another person.(b) The obligation of a party to pay the instrument is not discharged under subsection (a) if:(1)A claim to the instrument under §57A-3-306 is enforceable against the party receiving payment and (i) payment is made with knowledge by the payor that payment is prohibited by injunction or similar process of a court of competent jurisdiction, or (ii) in the case of an instrument other than a cashier's check, teller's check, or certified check, the party making payment accepted, from the person having a claim to the instrument, indemnity against loss resulting from refusal to pay the person entitled to enforce the instrument; or(2)The person making payment knows that the instrument is a stolen instrument and pays a person it knows is in wrongful possession of the instrument. Source: SL 1994, ch 367, §3-602.
SD Codified L § 57A-3-603 (2021)
2021 South Dakota Codified Laws|Title 57A - Uniform Commercial Code|Chapter 03 - Negotiable Instruments|Section 57A-3-603 - Tender of payment.

57A-3-603. Tender of payment.(a) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument, the effect of tender is governed by principles of law applicable to tender of payment under a simple contract.(b) If tender of payment of an obligation to pay an instrument is made to a person entitled to enforce the instrument and the tender is refused, there is discharge, to the extent of the amount of the tender, of the obligation of an indorser or accommodation party having a right of recourse with respect to the obligation to which the tender relates.(c) If tender of payment of an amount due on an instrument is made to a person entitled to enforce the instrument, the obligation of the obligor to pay interest after the due date on the amount tendered is discharged. If presentment is required with respect to an instrument and the obligor is able and ready to pay on the due date at every place of payment stated in the instrument, the obligor is deemed to have made tender of payment on the due date to the person entitled to enforce the instrument. Source: SL 1994, ch 367, §3-603.