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Old 04-29-2004, 08:55 AM
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rushpat rushpat is offline
Mental Jujitsu
 
Join Date: Oct 2004
Location: Georgia
Posts: 722
Re:Refusal for cause UCC 3-501

From the indorsement ucc definition:

incurring indorser's liability on the instrument,

Yeah, they don't want any liability on those letters they send.

I think the UCC3-501 can be a good defense. Make sure to read that that IRS Refusal for Cause link above.

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