reglab/housing_qa huggingface dataset:
NY UCC § 3-511 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 5 - Presentment, Notice of Dishonor and Protest 3-511 - Waived or Excused Presentment, Protest or Notice of Dishonor or Delay Therein.

Section 3--511. Waived  or  Excused  Presentment,  Protest  or Notice of                   Dishonor or Delay Therein.  (1) Delay in presentment, protest or notice  of  dishonor  is  excused when  the  party  is  without notice that it is due or when the delay is caused by circumstances beyond his control and he  exercises  reasonable diligence after the cause of the delay ceases to operate.  (2)  Presentment  or  notice or protest as the case may be is entirely excused when       (a) the party to  be  charged  has  waived  it  expressly  or  by            implication either before or after it is due; or       (b) such  party  has  himself  dishonored  the  instrument or has            countermanded payment or otherwise has no reason to expect or            right to require that the instrument be accepted or paid; or       (c) by reasonable diligence the presentment or protest cannot  be            made or the notice given.  (3) Presentment is also entirely excused when       (a) the  maker,  acceptor  or  drawee  of any instrument except a            documentary  draft  is  dead  or  in  insolvency  proceedings            instituted after the issue of the instrument; or       (b) acceptance  or  payment is refused but not for want of proper            presentment.  (4) Where a  draft  has  been  dishonored  by  nonacceptance  a  later presentment  for  payment  and  any  notice  of dishonor and protest for nonpayment are excused unless in the meantime the  instrument  has  been accepted.  (5)  A waiver of protest is also a waiver of presentment and of notice of dishonor even though protest is not required.  (6) Where a waiver of presentment or notice or protest is embodied  in the  instrument  itself  it is binding upon all parties; but where it is written above the signature of an indorser it binds him only.
NY UCC § 3-601 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 6 - Discharge 3-601 - Discharge of Parties.

Section 3--601. Discharge of Parties.  (1)  The  extent  of  the  discharge of any party from liability on an instrument is governed by the sections on       (a) payment or satisfaction (Section 3--603); or       (b) tender of payment (Section 3--604); or       (c) cancellation or renunciation (Section 3--605); or       (d) impairment of right of recourse  or  of  collateral  (Section            3--606); or       (e) reacquisition  of  the  instrument  by a prior party (Section            3--208); or       (f) fraudulent and material alteration (Section 3--407); or       (g) certification of a check (Section 3--411); or       (h) acceptance varying a draft (Section 3--412); or       (i) unexcused delay in  presentment  or  notice  of  dishonor  or            protest (Section 3--502).  (2)  Any  party is also discharged from his liability on an instrument to another party by any other act or agreement  with  such  party  which would discharge his simple contract for the payment of money.  (3)  The liability of all parties is discharged when any party who has himself no right of action or recourse on the instrument       (a) reacquires the instrument in his own right; or       (b) is discharged under any provision of this Article, except  as            otherwise  provided  with respect to discharge for impairment            of recourse or of collateral (Section 3--606).
NY UCC § 3-602 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 6 - Discharge 3-602 - Effect of Discharge Against Holder in Due Course.

Section 3--602. Effect of Discharge Against Holder in Due Course.No  discharge  of  any  party  provided  by  this Article is effective   against a subsequent holder in due course unless he has  notice  thereof   when he takes the instrument.
NY UCC § 3-603 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 6 - Discharge 3-603 - Payment or Satisfaction.

Section 3--603. Payment or Satisfaction.  (1)  The  liability  of  any  party is discharged to the extent of his payment or satisfaction to the  holder  even  though  it  is  made  with knowledge of a claim of another person to the instrument unless prior to such payment or satisfaction the person making the claim either supplies indemnity  deemed adequate by the party seeking the discharge or enjoins payment or satisfaction by order of a court of competent jurisdiction in an action in which the adverse claimant and the holder are parties. This subsection does not, however, result in the discharge of the liability       (a) of a party who in bad faith pays or satisfies  a  holder  who            acquired  the  instrument  by theft or who (unless having the            rights of a holder in due course) holds through  one  who  so            acquired it; or       (b) of  a  party (other than an intermediary bank or a payor bank            which is not a depositary bank) who  pays  or  satisfies  the            holder of an instrument which has been restrictively indorsed            in a manner not consistent with the terms of such restrictive            indorsement.  (2) Payment or satisfaction may be made with the consent of the holder by  any  person including a stranger to the instrument. Surrender of the instrument to such a  person  gives  him  the  rights  of  a  transferee (Section 3--201).
NY UCC § 3-604 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 6 - Discharge 3-604 - Tender of Payment.

Section 3--604. Tender of Payment.  (1)  Any party making tender of full payment to a holder when or after it is due is discharged to the extent of all  subsequent  liability  for interest, costs and attorney's fees.  (2)  The  holder's  refusal of such tender wholly discharges any party who has a right of recourse against the party making the tender.  (3) Where the maker or acceptor of  an  instrument  payable  otherwise than  on  demand  is  able  and  ready  to pay at every place of payment specified in the instrument when it is due, it is equivalent to tender.
NY UCC § 3-605 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 6 - Discharge 3-605 - Cancellation and Renunciation.

Section 3--605. Cancellation and Renunciation.  (1)  The  holder  of  an  instrument  may  even  without consideration discharge any party       (a) in any manner apparent on the face of the instrument  or  the            indorsement, as by intentionally cancelling the instrument or            the  party's  signature  by  destruction or mutilation, or by            striking out the party's signature; or       (b) by renouncing his rights by a writing signed and delivered or            by surrender of the instrument to the party to be discharged.  (2) Neither cancellation nor renunciation  without  surrender  of  the instrument affects the title thereto.
NY UCC § 3-606 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 6 - Discharge 3-606 - Impairment of Recourse or of Collateral.

Section 3--606. Impairment of Recourse or of Collateral.  (1)  The  holder  discharges any party to the instrument to the extent that without such party's consent the holder       (a) without express reservation of rights releases or agrees  not            to sue any person against whom the party has to the knowledge            of  the  holder  a right of recourse or agrees to suspend the            right to  enforce  against  such  person  the  instrument  or            collateral  or  otherwise discharges such person, except that            failure or  delay  in  effecting  any  required  presentment,            protest or notice of dishonor with respect to any such person            does  not discharge any party as to whom presentment, protest            or notice of dishonor is effective or unnecessary; or       (b) unjustifiably impairs any collateral for the instrument given            by or on behalf of the party or any person  against  whom  he            has a right of recourse.  (2)  By  express reservation of rights against a party with a right of recourse the holder preserves       (a) all his rights against such party as of  the  time  when  the            instrument was originally due; and       (b) the right of the party to pay the instrument as of that time;            and       (c) all rights of such party to recourse against others.
NY UCC § 3-701 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 7 - Advice of International Sight Draft 3-701 - Letter of Advice of International Sight Draft.

Section 3--701. Letter of Advice of International Sight Draft.  (1)  A  "letter  of  advice" is a drawer's communication to the drawee that a described draft has been drawn.  (2) Unless otherwise agreed when a bank receives from another  bank  a letter  of  advice  of  an international sight draft the drawee bank may immediately debit the drawer's account and stop the running of  interest pro tanto. Such a debit and any resulting credit to any account covering outstanding  drafts  leaves  in the drawer full power to stop payment or otherwise dispose of the amount and creates  no  trust  or  interest  in favor of the holder.  (3)  Unless otherwise agreed and except where a draft is drawn under a credit issued by the drawee, the drawee of an international sight  draft owes  the drawer no duty to pay an unadvised draft but if it does so and the draft is genuine, may appropriately debit the drawer's account.
NY UCC § 3-801 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 8 - Miscellaneous 3-801 - Drafts in a Set.

Section 3--801. Drafts in a Set.  (1)  Where  a  draft  is  drawn  in  a  set of parts, each of which is numbered and expressed to be an order only if no  other  part  has  been honored, the whole of the parts constitutes one draft but a taker of any part may become a holder in due course of the draft.  (2)  Any person who negotiates, indorses or accepts a single part of a draft drawn in a set thereby becomes liable to any holder in due  course of  that  part  as  if  it  were the whole set, but as between different holders in due course to whom different parts have been  negotiated  the holder  whose  title  first  accrues has all rights to the draft and its proceeds.  (3) As against the drawee the first presented part of a draft drawn in a set is the part entitled to payment, or if a time draft to  acceptance and  payment.  Acceptance of any subsequently presented part renders the drawee liable thereon under subsection  (2).  With  respect  both  to  a holder  and  to the drawer payment of a subsequently presented part of a draft payable at sight has  the  same  effect  as  payment  of  a  check notwithstanding an effective stop order (Section 4--407).  (4)  Except as otherwise provided in this section, where any part of a draft in a set is discharged by payment or otherwise the whole draft  is discharged.
NY UCC § 3-802 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 8 - Miscellaneous 3-802 - Effect of Instrument on Obligation for Which It Is Given.

Section 3--802. Effect  of  Instrument  on  Obligation  for  Which It Is                   Given.  (1) Unless otherwise agreed  where  an  instrument  is  taken  for  an underlying obligation       (a) the  obligation  is pro tanto discharged if a bank is drawer,            maker or acceptor of the instrument and there is no  recourse            on the instrument against the underlying obligor; and       (b) in any other case the obligation is suspended pro tanto until            the instrument is due or if it is payable on demand until its            presentment.  If  the  instrument is dishonored action may be            maintained  on  either  the  instrument  or  the  obligation;            discharge  of  the  underlying obligor on the instrument also            discharges him on the obligation.  (2) The taking in good faith of a check which is  not  postdated  does not  of  itself  so  extend  the  time  on the original obligation as to discharge a surety.
NY UCC § 3-803 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 8 - Miscellaneous 3-803 - Notice to Third Party.

Section 3--803. Notice to Third Party.Where  a  defendant  is  sued  for breach of an obligation for which a   third person is answerable over under this Article he may give the third   person written notice of the litigation, and  the  person  notified  may   then  give  similar notice to any other person who is answerable over to   him under this Article. If the notice states that  the  person  notified   may come in and defend and that if the person notified does not do so he   will  in any action against him by the person giving the notice be bound   by any determination of fact common to the two litigations, then  unless   after  seasonable receipt of the notice the person notified does come in   and defend he is so bound.
NY UCC § 3-804 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 8 - Miscellaneous 3-804 - Lost, Destroyed or Stolen Instruments.

Section 3--804. Lost, Destroyed or Stolen Instruments.The  owner  of  an  instrument  which is lost, whether by destruction,   theft or otherwise, may maintain an action in his own name  and  recover   from any party liable thereon upon due proof of his ownership, the facts   which  prevent his production of the instrument and its terms. The court   shall require security, in an amount fixed by the court  not  less  than   twice  the  amount  allegedly unpaid on the instrument, indemnifying the   defendant, his heirs, personal representatives, successors  and  assigns   against  loss, including costs and expenses, by reason of further claims   on the instrument, but this provision does not apply where an action  is   prosecuted  or  defended  by  the  state  or  by a public officer in its   behalf.
NY UCC § 3-805 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 3 - Commercial Paper Part 8 - Miscellaneous 3-805 - Instruments Not Payable to Order or to Bearer.

Section 3--805. Instruments Not Payable to Order or to Bearer.This  Article  applies  to  any instrument whose terms do not preclude   transfer and which is otherwise negotiable within this Article but which   is not payable to order or to bearer, except that there can be no holder   in due course of such an instrument.
NY UCC § 4-101 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-101 - Short Title.

Section 4--101. Short Title.This  Article  shall  be  known and may be cited as Uniform Commercial   Code--Bank Deposits and Collections.
NY UCC § 4-102 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-102 - Applicability.

Section 4--102. Applicability.  (1)  To  the extent that items within this Article are also within the scope of Articles 3 and 8, they are subject to the provisions  of  those Articles. In the event of conflict the provisions of this Article govern those  of Article 3 but the provisions of Article 8 govern those of this Article.  (2) The liability of a bank for action or non-action with  respect  to any  item  handled  by  it  for  purposes  of  presentment,  payment  or collection is governed by the  law  of  the  place  where  the  bank  is located.  In  the  case  of  action  or  non-action by or at a branch or separate office of a bank, its liability is governed by the law  of  the place where the branch or separate office is located.
NY UCC § 4-103 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-103 - Variation by Agreement; Measure of Damage; Certain Action Constituting Ordinary Care.

Section 4--103. Variation  by  Agreement;  Measure  of  Damages; Certain                   Action Constituting Ordinary Care.  (1) The effect of the provisions of this  Article  may  be  varied  by agreement  except that no agreement can disclaim a bank's responsibility for its own lack of good faith or failure to exercise ordinary  care  or can  limit  the  measure  of  damages  for such lack or failure; but the parties  may  by  agreement  determine  the  standards  by  which   such responsibility  is  to  be measured if such standards are not manifestly unreasonable.  (2) Federal Reserve regulations and operating letters, clearing  house rules, and the like, have the effect of agreements under subsection (1), whether  or  not  specifically  assented to by all parties interested in items handled.  (3) Action or non-action approved  by  this  Article  or  pursuant  to Federal   Reserve  regulations  or  operating  letters  constitutes  the exercise of ordinary care and, in the absence of  special  instructions, action  or  non-action consistent with clearing house rules and the like or with a general banking usage not disapproved by this  Article,  prima facie constitutes the exercise of ordinary care.  (4)  The  specification  or  approval  of  certain  procedures by this Article does not constitute disapproval of other procedures which may be reasonable under the circumstances.  (5) The measure of damages for failure to exercise  ordinary  care  in handling  an  item  is the amount of the item reduced by an amount which could not have been realized by the use  of  ordinary  care,  and  where there  is  bad  faith it includes other damages, if any, suffered by the party as a proximate consequence.
NY UCC § 4-105 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-105 - "Depositary Bank"; "Intermediary Bank"; "Collecting Bank"; "Payor Bank"; "Presenting Bank"; "Remitting Bank".

Section 4--105. "Depositary   Bank";  "Intermediary  Bank";  "Collecting                   Bank"; "Payor  Bank";  "Presenting  Bank";  "Remitting                   Bank".   In this Article unless the context otherwise requires:  (a)  "Depositary  bank"  means  the  first  bank  to  which an item is transferred for collection even though it is also the payor bank;  (b) "Payor bank" means a bank by which an item is payable as drawn  or accepted;  (c) "Intermediary bank" means any bank to which an item is transferred in course of collection except the depositary or payor bank;  (d)  "Collecting bank" means any bank handling the item for collection except the payor bank;  (e) "Presenting bank" means any bank presenting an item except a payor bank;  (f) "Remitting bank" means any payor or  intermediary  bank  remitting for an item.
NY UCC § 4-106 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-106 - Separate Office of a Bank.

Section 4--106. Separate Office of a Bank.A  branch  or  separate  office  of  a bank is a separate bank for the   purpose of computing the time within which and determining the place  at   or  to  which  action  may  be taken or notices or orders shall be given   under this Article and under Article 3. The receipt  of  any  notice  or   order  by or the knowledge of one branch or separate office of a bank is   not actual or constructive notice to or knowledge of any other branch or   office of the same bank and does not impair the right of another  branch   or office to be a holder in due course of an item.
NY UCC § 4-107 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-107 - Time of Receipt of Items.

Section 4--107. Time of Receipt of Items.  (1)  For the purpose of allowing time to process items, prove balances and make the necessary entries on its books to  determine  its  position for  the day, a bank may fix an afternoon hour of two P.M. or later as a cut-off hour for the handling of money  and  items  and  the  making  of entries on its books.  (2)  Any  item or deposit of money received on any day after a cut-off hour so fixed or after the close of the banking day may  be  treated  as being received at the opening of the next banking day.
NY UCC § 4-108 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-108 - Delays.

Section 4--108. Delays.  (1)  Unless  otherwise  instructed,  a collecting bank in a good faith effort to secure payment may, in the case of specific items and with  or without  the  approval  of  any person involved, waive, modify or extend time limits imposed or permitted by this Act for a period not in  excess of  an additional banking day without discharge of secondary parties and without liability to its transferor or any prior party.  (2) Delay by a collecting  bank  or  payor  bank  beyond  time  limits prescribed  or  permitted  by  this Act or by instructions is excused if caused  by  interruption  of  communication  facilities,  suspension  of payments   by   another   bank,   war,  emergency  conditions  or  other circumstances beyond the control of the bank provided it exercises  such diligence as the circumstances require.
NY UCC § 4-109 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 1 - General Provisions and Definitions 4-109 - Process of Posting.

Section 4--109. Process of Posting.   The "process of posting" means the usual procedure followed by a payor bank  in  determining  to  pay  an  item  and  in  recording the payment including one or more of the following or other steps as  determined  by the bank:  (a) verification of any signature;  (b) ascertaining that sufficient funds are available;  (c) affixing a "paid" or other stamp;  (d) entering a charge or entry to a customer's account;  (e)  correcting or reversing an entry or erroneous action with respect to the item.
NY UCC § 4-201 (2021)
2021 New York Laws UCC - Uniform Commercial Code Article 4 - Bank Deposits and Collections Part 2 - Collection of Items: Depositary and Collecting Banks 4-201 - Presumption and Duration of Agency Status of Collecting Banks and Provisional Status of Credits; Applicability of Article; Item Indorsed "Pay Any Bank

Section 4--201. Presumption  and Duration of Agency Status of Collecting                   Banks and Provisional Status of Credits; Applicability                   of Article; Item Indorsed "Pay Any Bank".  (1) Unless a contrary intent clearly appears and  prior  to  the  time that  a  settlement given by a collecting bank for an item is or becomes final (subsection (3) of Section 4--211 and Sections 4--212 and  4--213) the  bank  is  an  agent  or  sub-agent of the owner of the item and any settlement given for the item is  provisional.  This  provision  applies regardless  of  the  form of indorsement or lack of indorsement and even though credit given for the item is subject to immediate  withdrawal  as of right or is in fact withdrawn; but the continuance of ownership of an item  by  its  owner and any rights of the owner to proceeds of the item are subject to rights of a collecting bank such as those resulting  from outstanding  advances  on  the  item and valid rights of setoff. When an item is handled by  banks  for  purposes  of  presentment,  payment  and collection,  the  relevant  provisions of this Article apply even though action of  parties  clearly  establishes  that  a  particular  bank  has purchased the item and is the owner of it.  (2)  After  an item has been indorsed with the words "pay any bank" or the like, only a bank may acquire the rights of a holder       (a) until the item has been returned to the  customer  initiating            collection; or       (b) until  the  item  has  been specially indorsed by a bank to a            person who is not a bank.