Section 1303.45 - Drawee not liable on unaccepted draft - UCC 3-408.
Ohio Rev Code § 1303.45 (2019) (N/A)
Copy with citation
Copy as parenthetical citation
A check or other draft does not of itself operate as an assignment of any funds in the hands of the drawee available for its payment, and the drawee is not liable on the instrument until he accepts it.