Commercial Transactions Forum

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Oglethorpe

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Joined: Sat Jun 11, 2011 4:49 pm

Commercial Transactions

Post by Oglethorpe » Sun Oct 21, 2012 1:00 pm

I am looking for a UCC basis for the proposition that a forged indorsement prevents subsequent possessors from being "holders."

I would appreciate any help. Thanks!
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anchuldigs

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Joined: Tue Oct 20, 2009 11:17 pm

Re: Commercial Transactions

Post by anchuldigs » Mon Oct 22, 2012 10:34 am

memory is fuzzy but i think that a forged inst. is never a valid inst. and you can't be a holder if the inst. isn't valid in the first place.
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