1. The issuer of a note or cashier’s 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.