Banking
Jul. 1, 2011
A Primer for Lawyers on Check Issues
Everything you need to resolve your banking issues starts with taking a closer look at the check.
Jill Switzer
Mediator, Alternative Resolution Centers
Formerly assistant general counsel at Bank of the West, Jill mediates employment, Commercial Code, business, elder financial abuse and real estate matters.
What non-bank lawyers know about Articles 3 and 4 of the Commercial Code could fill more pages than the Daily Journal publishes in a month or longer. So, the purpose here is to give lawyers a little "head's up" on check terminology and banking issues that their clients face from time to time. Let's start with elementary terminology. Draw a rectangle. (Ssshhh, it's okay; no one will see you, but understanding the various parts of a check is crucial.) That rectangle is a check. Now la...
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