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LSDefine

Simple English definitions for legal terms

impostor rule

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A quick definition of impostor rule:

The impostor rule is a law that says if someone pretends to be someone else and signs a check or other important document, it is not considered forgery. However, the person who gave the impostor the document is responsible for any problems that arise from it. This means that if someone gives a check to an impostor, and that impostor signs it and cashes it, the person who gave them the check is responsible for paying it back.

A more thorough explanation:

The impostor rule is a principle in commercial law that states that an impostor's endorsement of a negotiable instrument is not considered forgery. Instead, the drawer or maker who issued the instrument to the impostor is considered negligent and therefore liable to the holder for payment.

For example, if someone pretends to be a payee and receives a check from the drawer or maker, any forgery of the payee's name on the check will be considered valid if the check is paid by someone in good faith or taken for value or collection.

This means that the person who issued the check to the impostor is responsible for any losses incurred by the holder of the check due to the impostor's actions.

impostor | impound account

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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