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.

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Akhil Devabhakthuni · Accepted Answer

Final Answer : True, Explanation :  Revised Article 3 of the Uniform Commercial Code (UCC) states that a promise or order is not made conditional merely because payment is to be made out of a particular fund, which effectively eliminates the particular fund doctrine.

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.

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