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Entries Tagged as 'liability'

Payment Systems: Liability of the Parties on a Negotiable Instrument

September 11th, 2017 · Comments Off on Payment Systems: Liability of the Parties on a Negotiable Instrument · Lawdibles Audio, Negotiable Instruments

This podcast by Professor Jennifer Martin discusses the basics of who is liable on a negotiable instrument and to whom. Why is this important? Oftentimes an examination question will simply ask who’s liable. It is important to use the correct legal terminology when describing responsible parties and claims and to organize claims either by responsible […]

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Payment Systems: Fraudulent Signatures, Alterations and Negligence

September 11th, 2017 · Comments Off on Payment Systems: Fraudulent Signatures, Alterations and Negligence · 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 […]

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