1303.04 Issue of instrument - UCC 3-105(b).
1303.04 Issue of instrument - UCC 3-105(b).
An unissued instrument, or an unissued incomplete instrument that is completed, is binding on the maker or drawer, but nonissuance is a defense. An instrument that is conditionally issued or is issued for a special purpose is binding on the maker or drawer, but the failure of the condition or special purpose to be fulfilled is a defense.
Effective Date: 08-19-1994