1.  The issuer of a note or cashier’s check or other draft drawn on the drawer is obliged to pay the instrument:

Terms Used In Nevada Revised Statutes 104.3412

  • 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.
  • person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039

(a) 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

(b) If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in NRS 104.3115 and 104.3407.

2.  The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under NRS 104.3415.