1. The issuer of a note or cashiers check or other draft drawn on the drawer is obliged to pay the instrument: (a) According to its terms at the time it was issued or, if not issued, at the time it first came into possession of a holder; or (b) If the issuer signed an incomplete instrument, according to its terms when completed, to the extent stated in NRS 104.3115 and 104.3407 . 2. The obligation is owed to a person entitled to enforce the instrument or to an endorser who paid the instrument under NRS 104.3415 .
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