Legal Question in Business Law in Arizona

Can a

My question is relatively straightforward.

Can a consumer (as defined in the UCC) be the "maker" of commercial paper, negotiable instruments?

If a consumer can "make" an instrument (mentioned above) is the instrument valuable?


Asked on 7/27/99, 5:27 pm

1 Answer from Attorneys

Re: Can a

Yes, I believe you can be a maker of such an instrument.

Is it valuable? We must have a misunderstanding of some major point for you to be asking that. The value is the value; you don't create value by printing a piece of paper. If you're making such a paper, it is probably a contract with someone who promises to pay, for example, an installment note. The value should be self-evident.

Perhaps I don't understand your question. You could send e-mail to me at [email protected] to tell me what you're thinking all this means, and why you care if the UCC applies or not.

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Answered on 7/30/99, 12:05 am


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