NOTICE OF DISHONOR

NOTICE OF DISHONOR

notice of dishonor. Notice to the indorser of an instrument that acceptance or payment has been refused. ? This notice ¡ª along with presentment and actual dishonor ¡ª is a condition of an indorser’s secondary liability. UCC ¡ì 3-503. ¡ª Also termed certificate of protest; certificate of dishonor. [Cases: Bills and Notes 393, 411. C.J.S. Bills and Notes; Letters of Credit ¡ì¡ì 97, 210, 212, 257.]
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