Nev. Rev. Stat. » NRS: CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES

Nev. Rev. Stat. § 104.3202

Negotiation subject to rescission

Find cases: SyfertCases citing this section NRSleg.state.nv.us (official) Justiaon Justia CornellLII Search CasesGoogle Scholar
NRS 104.3202  Negotiation subject to rescission.

      1.  Negotiation is effective even if obtained:

      (a) From an infant, a corporation exceeding its powers or a person without capacity;

      (b) By fraud, duress or mistake; or

      (c) In breach of duty or as part of an illegal transaction.

      2.  To the extent permitted by other law, negotiation may be rescinded or may be subject to other remedies, but those remedies may not be asserted against a subsequent holder in due course or a person paying the instrument in good faith and without knowledge of facts that are a basis for rescission or other remedy.

      (Added to NRS by 1965, 824; A 1993, 1271)

     

Notes of Decisions
Cited in 2 cases (1 in the last 5 years), 1974–2021 · leading case: Abbott v. Second Judicial District Court
Sort: Relevance Newest Treatment
Abbott v. Second Judicial District Court (1974) nev · cites it 4× “NRS 104.3202(1); [1] NRS 104.1201(14); [2] and NRS 104.”
InjuryLoans.com, LLC v. Buenrostro (2021) nvd “NRS 104.3202 indicates when a 14 negotiation of an instrument is effective and may be subject to rescission.”
— Nev. Rev. Stat. § 104.3202(1) — 1 case
Abbott v. Second Judicial District Court (1974) nev “NRS 104.3202(1); [1] NRS 104.1201(14); [2] and NRS 104.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.