Question

According to the Uniform Commercial code section __________, if a business inadvertently cashes a check marked "paid-in-full," the business has 90 days from the date it cashed the check to offer repayment in the same amount to the debtor and avoid an accord and satisfaction.

Answer 1

The Uniform Commercial Code section 3-311

Step-by-step explanation:

Uniform commercial code is a standardized set of laws and regulations for transacting business. Then UCC code was established because it was becoming increasingly difficult for companies to transact business across sates line given the various state laws.

Uniform Commercial code (UCC) laws regulate sales of personal property and various other transactions.

Generally, UCC article 3 applies to the negotiable instruments: drafts and notes representing a promise to pay a sum of money, and they have independent value because they are negotiable.