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Payment Systems: Fraudulent Signatures, Alterations and Negligence

September 11th, 2017 · No Comments · Lawdibles Audio, Negotiable Instruments

In this podcast Professor Jennifer Martin addresses the liability that arises when there is a fraudulent signature on an instrument, as well as the effect of alterations and negligence. These rules are covered in Article 3 of the Uniform Commercial Code, which is tested in a number of states on the bar exam. At the conclusion of this podcast, you should be able to (1) describe when a signature is sufficient to make a person liable on instrument; (2) describe how Article 3 treats responsibility for alterations; and (3) describe when the failure to exercise ordinary care will shift responsibility on the grounds of negligence to an account holder.

A transcript of this podcast is here.

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