Ohio § 1303.49
Full text of Ohio Ohio Revised Code § 1303.49, with citation guidance and answers to common questions.
§ 1303.49.
(A) A person whose failure to exercise ordinary care substantially contributes to an
alteration of an instrument or to the making of a forged signature on an instrument
is precluded from asserting the alteration or the forgery against a person who, in
good faith, pays the instrument or takes it for value or for collection. (B) Under division (A) of this section, if the person asserting the preclusion fails
to exercise ordinary care in paying or taking the instrument and that failure substantially
contributes to loss, the loss is allocated between the person precluded under division
(A) of this section from asserting an alteration or forgery and the person asserting
the preclusion according to the extent to which the failure of each to exercise ordinary
care contributed to the loss. (C) Under division (A) of this section, the burden of proving that a failure to exercise
ordinary care contributed to an alteration of an instrument or to the making of a
forged signature on an instrument is on the person asserting the preclusion. Under division (B) of this section, the burden of proving that a failure to exercise
ordinary care in paying or taking an instrument substantially contributed to loss
is on the person precluded.
Frequently Asked Questions About Ohio § 1303.49
What does Ohio Revised Code § 1303.49 cover?
Section 1303.49 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1303.49?
A common citation format is "Ohio Revised Code § 1303.49" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1303.49 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.