reglab/housing_qa huggingface dataset:
KS Stat § 84-3-603 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 3 - Negotiable Instruments|84-3-603 Tender of payment.

84-3-603. 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 endorser 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.History: L. 1991, ch. 296, § 65; Feb. 1, 1992.
KS Stat § 84-3-604 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 3 - Negotiable Instruments|84-3-604 Discharge by cancellation or renunciation.

84-3-604. Discharge by cancellation or renunciation. (a) A person entitled to enforce an instrument, with or without consideration, may discharge the obligation of a party to pay the instrument (1) by an intentional voluntary act, such as surrender of the instrument to the party, destruction, mutilation or cancellation of the instrument, cancellation or striking out of the party's signature, or the addition of words to the instrument indicating discharge, or (2) by agreeing not to sue or otherwise renouncing rights against the party by a signed writing.(b) Cancellation or striking out of an endorsement pursuant to subsection (a) does not affect the status and rights of a party derived from the endorsement.History: L. 1991, ch. 296, § 66; Feb. 1, 1992.
KS Stat § 84-4-101 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-101 Short title.

84-4-101. Short title. This article may be cited as uniform commercial code—bank deposits and collections.History: L. 1965, ch. 564, § 201; L. 1991, ch. 296, § 71; Feb. 1, 1992.
KS Stat § 84-4-102 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-102 Applicability.

84-4-102. Applicability. (a) To the extent that items within this article are also within articles 3 and 8, they are subject to those articles. If there is conflict, this article governs article 3 but article 8 governs this article.(b) The liability of a bank for action or nonaction with respect to an 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 nonaction 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.History: L. 1965, ch. 564, § 202; L. 1991, ch. 296, § 72; Feb. 1, 1992.
KS Stat § 84-4-103 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-103 Variation by agreement; measure of damages; action constituting ordinary care.

84-4-103. Variation by agreement; measure of damages; action constituting ordinary care. (a) The effect of the provisions of this article may be varied by agreement but the parties to the agreement cannot disclaim a bank's responsibility for its lack of good faith or failure to exercise ordinary care or limit the measure of damages for the lack or failure. However, the parties may determine by agreement the standards by which the bank's responsibility is to be measured if those standards are not manifestly unreasonable.(b) Federal Reserve regulations and operating circulars, clearing-house rules, and the like have the effect of agreements under subsection (a), whether or not specifically assented to by all parties interested in items handled.(c) Action or nonaction approved by this article or pursuant to Federal Reserve regulations or operating circulars is the exercise of ordinary care and, in the absence of special instructions, action or nonaction consistent with clearing-house rules and the like or with a general banking usage not disapproved by this article, is prima facie the exercise of ordinary care.(d) The specification or approval of certain procedures by this article is not disapproval of other procedures that may be reasonable under the circumstances.(e) The measure of damages for failure to exercise ordinary care in handling an item is the amount of the item reduced by an amount that could not have been realized by the exercise of ordinary care. If there is also bad faith it includes any other damages the party suffered as a proximate consequence.History: L. 1965, ch. 564, § 203; L. 1991, ch. 296, § 73; Feb. 1, 1992.
KS Stat § 84-4-105 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-105 "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank".

84-4-105. "Bank"; "depositary bank"; "payor bank"; "intermediary bank"; "collecting bank"; "presenting bank". In this article:(1) "Bank" means a person engaged in the business of banking, including a savings bank, savings and loan association, credit union, or trust company.(2) "Depository bank" means the first bank to take an item even though it is also the payor bank, unless the item is presented for immediate payment over the counter;(3) "Payor bank" means a bank that is the drawee of a draft;(4) "Intermediary bank" means a bank to which an item is transferred in course of collection except the depository or payor bank;(5) "Collecting bank" means a bank handling an item for collection except the payor bank;(6) "Presenting bank" means a bank presenting an item except a payor bank.History: L. 1965, ch. 564, § 205; L. 1991, ch. 296, § 75; Feb. 1, 1992.
KS Stat § 84-4-106 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-106 Payable through or payable at bank; collecting bank.

84-4-106. Payable through or payable at bank; collecting bank. (a) If an item states that it is "payable through" a bank identified in the item, (1) the item designates the bank as a collecting bank and does not by itself authorize the bank to pay the item, and (2) the item may be presented for payment only by or through the bank.(b) If an item states that it is "payable at" a bank identified in the item, the item is equivalent to a draft drawn on the bank.(c) If a draft names a nonbank drawee and it is unclear whether a bank named in the draft is a codrawee or a collecting bank, the bank is a collecting bank.History: L. 1991, ch. 296, § 76; Feb. 1, 1992.
KS Stat § 84-4-107 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-107 Separate office of bank.

84-4-107. Separate office of 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 must be given under this article and under article 3.History: L. 1965, ch. 564, § 206; L. 1991, ch. 296, § 77; Feb. 1, 1992.
KS Stat § 84-4-108 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-108 Time of receipt of items.

84-4-108. Time of receipt of items. (a) 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 cutoff hour for the handling of money and items and the making of entries on its books.(b) An item or deposit of money received on any day after a cutoff 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.History: L. 1965, ch. 564, § 207; L. 1991, ch. 296, § 78; Feb. 1, 1992.
KS Stat § 84-4-109 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-109 Delays.

84-4-109. Delays. (a) Unless otherwise instructed, a collecting bank in a good faith effort to secure payment of a specific item drawn on a payor other than a bank, and with or without the approval of any person involved, may waive, modify, or extend time limits imposed or permitted by this act for a period not exceeding two additional banking days without discharge of drawers or endorsers or liability to its transferor or a prior party.(b) Delay by a collecting bank or payor bank beyond time limits prescribed or permitted by this act or by instructions is excused if (1) the delay is caused by interruption of communication or computer facilities, suspension of payments by another bank, war, emergency conditions failure of equipment, or other circumstances beyond the control of the bank, and (2) the bank exercises such diligence as the circumstances require.History: L. 1965, ch. 564, § 208; L. 1991, ch. 296, § 79; Feb. 1, 1992.
KS Stat § 84-4-110 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-110 Electronic presentment.

84-4-110. Electronic presentment. (a) "Agreement for electronic presentment" means an agreement, clearing-house rule, or federal reserve regulation or operating circular, providing that presentment of an item may be made by transmission of an image of an item or information describing the item ("presentment notice") rather than delivery of the item itself. The agreement may provide for procedures governing retention, presentment, payment, dishonor, and other matters concerning items subject to the agreement.(b) Presentment of an item pursuant to an agreement for presentment is made when the presentment notice is received.(c) If presentment is made by presentment notice, a reference to "item" or "check" in this article means the presentment notice unless the context otherwise indicates.History: L. 1991, ch. 296, § 80; Feb. 1, 1992.
KS Stat § 84-4-111 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-111 Statute of limitations.

84-4-111. Statute of limitations. An action to enforce an obligation, duty, or right arising under this article must be commenced within three years after the cause of action accrues.History: L. 1991, ch. 296, § 81; Feb. 1, 1992.
KS Stat § 84-4-201 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-201 Status of collecting bank as agent and provisional status of credits; applicability of article; item endorsed "pay any bank".

84-4-201. Status of collecting bank as agent and provisional status of credits; applicability of article; item endorsed "pay any bank". (a) Unless a contrary intent clearly appears and before the time that a settlement given by a collecting bank for an item is or becomes final, the bank, with respect to the item, is an agent or subagent of the owner of the item and any settlement given for the item is provisional. This provision applies regardless of the form of endorsement or lack of endorsement 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 rights of recoupment or setoff. If an item is handled by banks for purposes of presentment, payment, collection, or return, the relevant provisions of this article apply even though action of the parties clearly establishes that a particular bank has purchased the item and is the owner of it.(b) After an item has been endorsed with the words "pay any bank" or the like, only a bank may acquire the rights of a holder until the item has been:(1) Returned to the customer initiating collection; or(2) specially endorsed by a bank to a person who is not a bank.History: L. 1965, ch. 564, § 210; L. 1991, ch. 296, § 82; Feb. 1, 1992.
KS Stat § 84-4-202 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-202 Responsibility for collection or return; when action timely.

84-4-202. Responsibility for collection or return; when action timely. (a) A collecting bank must exercise ordinary care in:(1) Presenting an item or sending it for presentment;(2) sending notice of dishonor or nonpayment or returning an item other than a documentary draft to the bank's transferor after learning that the item has not been paid or accepted, as the case may be;(3) settling for an item when the bank receives final settlement; and(4) notifying its transferor of any loss or delay in transit within a reasonable time after discovery thereof.(b) A collecting bank exercises ordinary care under subsection (a) by taking proper action before its midnight deadline following receipt of an item, notice, or settlement. Taking proper action within a reasonably longer time may constitute the exercise of ordinary care, but the bank has the burden of establishing timeliness.(c) Subject to subsection (a)(1), a bank is not liable for the insolvency, neglect, misconduct, mistake, or default of another bank or person or for loss or destruction of an item in the possession of others or in transit.History: L. 1965, ch. 564, § 211; L. 1991, ch. 296, § 83; Feb. 1, 1992.
KS Stat § 84-4-203 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-203 Effect of instructions.

84-4-203. Effect of instructions. Subject to article 3 concerning conversion of instruments (K.S.A. 84-3-419) and restrictive endorsements (K.S.A. 84-3-206), only a collecting bank's transferor can give instructions that affect the bank or constitute notice to it, and a collecting bank is not liable to prior parties for any action taken pursuant to the instructions or in accordance with any agreement with its transferor.History: L. 1965, ch. 564, § 212; L. 1991, ch. 296, § 84; Feb. 1, 1992.
KS Stat § 84-4-204 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-204 Methods of sending and presenting; sending directly to payor bank.

84-4-204. Methods of sending and presenting; sending directly to payor bank. (a) A collecting bank shall send items by a reasonably prompt method, taking into consideration relevant instructions, the nature of the item, the number of those items on hand, the cost of collection involved, and the method generally used by it or others to present those items.(b) A collecting bank may send:(1) An item directly to the payor bank;(2) an item to a nonbank payor if authorized by its transferor; and(3) an item other than documentary drafts to a nonbank payor, if authorized by federal reserve regulation or operating circular, clearing-house rule, or the like.(c) Presentment may be made by a presenting bank at a place where the payor bank or other payor has requested that presentment be made.History: L. 1965, ch. 564, § 213; L. 1991, ch. 296, § 85; Feb. 1, 1992.
KS Stat § 84-4-205 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-205 Depository bank holder of unendorsed item.

84-4-205. Depository bank holder of unendorsed item. If a customer delivers an item to a depository bank for collection:(a) The depository bank becomes a holder of the item at the time it receives the item for collection if the customer at the time of delivery was a holder of the item, whether or not the customer endorses the item, and, if the bank satisfies the other requirements of K.S.A. 84-3-302, it is a holder in due course; and(b) the depository bank warrants to collecting banks, the payor bank or other payor, and the drawer that the amount of the item was paid to the customer or deposited to the customer's account.History: L. 1965, ch. 564, § 214; L. 1991, ch. 296, § 86; Feb. 1, 1992.
KS Stat § 84-4-206 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-206 Transfer between banks.

84-4-206. Transfer between banks. Any agreed method that identifies the transferor bank is sufficient for the item's further transfer to another bank.History: L. 1965, ch. 564, § 215; L. 1991, ch. 296, § 87; Feb. 1, 1992.
KS Stat § 84-4-207 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-207 Transfer warranties.

84-4-207. Transfer warranties. (a) A customer or collecting bank that transfers an item and receives a settlement or other consideration warrants to the transferee and to any subsequent collecting bank that:(1) The warrantor is a person entitled to enforce the item;(2) all signatures on the item are authentic and authorized;(3) the item has not been altered;(4) the item is not subject to a defense or claim in recoupment (K.S.A. 84-3-305(a)) of any party that can be asserted against the warrantor;(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; and(6) if the item is a demand draft, creation of the item according to the terms on its face was authorized by the person identified as drawer.(b) If an item is dishonored, a customer or collecting bank transferring the item and receiving settlement or other consideration is obliged to pay the amount due on the item (1) according to the terms of the item at the time it was transferred, or (2) if the transfer was of an incomplete item, according to its terms when completed as stated in K.S.A. 84-3-115 and 84-3-407, and amendments thereto. The obligation of a transferor is owed to the transferee and to any subsequent collecting bank that takes the item in good faith. A transferor cannot disclaim its obligation under this subsection by an endorsement stating that it is made "without recourse" or otherwise disclaiming liability.(c) A person to whom the warranties under subsection (a) are made and who took the item 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 item plus expenses and loss of interest incurred as a result of the breach.(d) 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 30 days after the claimant has reason to know of the breach and the identity of the warrantor, the warrantor is discharged to the extent of any loss caused by the delay in giving notice of the claim.(e) A cause of action for breach of warranty under this section accrues when the claimant has reason to know of the breach.(f) If the warranty in subsection (a)(6) is not given by a transferor or collecting bank under applicable conflict of law rules, then the warranty is not given to that transferor when that transferor is a transferee nor to any prior collecting bank of that transferee.History: L. 1991, ch. 296, § 88; L. 2005, ch. 58, § 6; July 1.
KS Stat § 84-4-209 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-209 Encoding and retention warranties.

84-4-209. Encoding and retention warranties. (a) A person who encodes information on or with respect to an item after issue warrants to any subsequent collecting bank and to the payor bank or other payor that the information is correctly encoded. If the customer of a depository bank encodes, that bank also makes the warranty.(b) A person who undertakes to retain an item pursuant to an agreement for electronic presentment warrants to any subsequent collecting bank and to the payor bank or other payor that retention and presentment of the item comply with the agreement. If a customer of a depository bank undertakes to retain an item, that bank also makes this warranty.(c) A person to whom warranties are made under this section and who took the item 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, plus expenses and loss of interest incurred as a result of the breach.History: L. 1991, ch. 296, § 90; Feb. 1, 1992.
KS Stat § 84-4-210 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-210 Security interest of collecting bank in items, accompanying documents and proceeds.

84-4-210. Security interest of collecting bank in items, accompanying documents and proceeds. (a) A collecting bank has a security interest in an item and any accompanying documents or the proceeds of either:(1) In case of an item deposited in an account, to the extent to which credit given for the item has been withdrawn or applied;(2) in case of an item for which it has given credit available for withdrawal as of right, to the extent of the credit given, whether or not the credit is drawn upon or there is a right of charge-back; or(3) if it makes an advance on or against the item.(b) If credit given for several items received at one time or pursuant to a single agreement is withdrawn or applied in part the security interest remains upon all the items, any accompanying documents or the proceeds of either. For the purpose of this section, credits first given are first withdrawn.(c) Receipt by a collecting bank of a final settlement for an item is a realization on its security interest in the item, accompanying documents and proceeds. So long as the bank does not receive final settlement for the item or give up possession of the item or possession or control of the accompanying documents for purposes other than collection, the security interest continues to that extent and is subject to article 9, but:(1) No security agreement is necessary to make the security interest enforceable (K.S.A. 2021 Supp. 84-9-203(b)(3)(A), and amendments thereto);(2) no filing is required to perfect the security interest; and(3) the security interest has priority over conflicting perfected security interests in the item, accompanying documents, or proceeds.History: L. 1965, ch. 564, § 217; L. 1991, ch. 296, § 91; L. 2000, ch. 142, § 146; L. 2007, ch. 90, § 63; July 1, 2008.
KS Stat § 84-4-211 (2021)
2021 Kansas Statutes|Chapter 84 - Uniform Commercial Code|Article 4 - Bank Deposits And Collections|84-4-211 When bank gives value for purposes of holder in due course.

84-4-211. When bank gives value for purposes of holder in due course. For purposes of determining its status as a holder in due course, a bank has given value to the extent that it has a security interest in an item, if the bank otherwise complies with the requirements of K.S.A. 84-3-302 on what constitutes a holder in due course.History: L. 1965, ch. 564, § 218; L. 1991, ch. 296, § 92; Feb. 1, 1992.