(C) If a draft is accepted by a bank, the drawer is discharged, regardless of when
or by whom acceptance was obtained.
(D) If a draft is accepted and the acceptor is not a bank, the obligation of the drawer
to pay the draft if the draft is dishonored by the acceptor is the same as the obligation
of an indorser under division (A) and (C) of section 1303.55 of the Revised Code.
(E) If a draft states that it is drawn “without recourse” or otherwise disclaims liability
of the drawer to pay the draft and the draft is not a check, the drawer is not liable
under division (B) of this section to pay the draft. A disclaimer of the liability stated in division (B) of this section is not effective
if the draft is a check.
(F) If a check is not presented for payment or given to a depositary bank for collection
within thirty days after its date, the drawee suspends payments after expiration of
the thirty-day period without paying the check, and, because of the suspension of
payments, the drawer is deprived of funds maintained with the drawee to cover payment
of the check, the drawer to the extent deprived of funds may discharge its obligation
to pay the check by assigning to the person entitled to enforce the check the rights
of the drawer against the drawee with respect to the funds.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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