Revised Article 3 eliminates the particular fund doctrine by providing that a promise or order is not made conditional because payment is to be made only out of a particular fund.

Question

Quizplus · Accepted Answer

Revised Article 3 of the Uniform Commercial Code (UCC) states that a promise or order is not conditional merely because it is to be paid from a particular fund, thus eliminating the particular fund doctrine.

Revised Article 3 Eliminates the Particular Fund Doctrine by Providing