Logourl black

UCC § 3-404(a)

Definition

A provision of the Uniform Commercial Code that deems an indorsement of a check by an imposter to be effective if the imposter induced the issuance of the instrument to either the imposter or a person acting in concert with the imposter.

Related Rules [?]


The related rules section is for members only and includes a compilation of all the rules of law in Quimbee's database relating to this key term.

To access the related rules, please start your free trial or log in.