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Presentment Warranties Under the UCC Do Not Apply to Counterfeit Checks

On September 13, 2013 by Schnader in Finance

By Edward J. Sholinsky Recently, a Pennsylvania trial court recognized the distinction between counterfeit checks and altered checks. In doing so, the court followed the lead of other states that have recognized that the depository bank does not violate the Uniform Commercial Code’s presentment warranties when it accepts in good faith […]

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