Alabama Code 7-4-503. Responsibility of presenting bank for documents and goods; report of reasons for dishonor; referee in case of need
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Unless otherwise instructed and except as provided in Article 5, a bank presenting a documentary draft:
Terms Used In Alabama Code 7-4-503
- following: means next after. See Alabama Code 1-1-1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.