When a severe weather warning has been declared, a delay in notice of dishonor is excused to the reasonably diligent holder who was prevented from posting the notice.

Question

Quizplus · Accepted Answer

Under the Uniform Commercial Code (UCC), a delay in notice of dishonor is excused when circumstances beyond the control of the holder, such as severe weather, prevent the timely communication of the notice, as long as the holder exercises diligence once the conditions improve.

When a Severe Weather Warning Has Been Declared, a Delay