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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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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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