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LSDefine

Simple English definitions for legal terms

negligence rule

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A quick definition of negligence rule:

The negligence rule is a principle in commercial law that says if someone is careless and their carelessness leads to someone else signing or changing a negotiable instrument without authorization, they cannot later argue against others who transfer or pay the instrument in good faith. Examples of carelessness include leaving blank spaces on the amount line, sending the instrument to the wrong person, or not following procedures to prevent forgeries.

A more thorough explanation:

Definition: The negligence rule is a principle in commercial law that states if a party's carelessness contributes to an unauthorized signing or alteration in a negotiable instrument, that party cannot raise this issue against later parties who transfer or pay the instrument in good faith.

Examples:

  • Leaving blanks or spaces on the amount line of the instrument
  • Erroneously mailing the instrument to a person with the same name as the payee
  • Failing to follow internal procedures designed to prevent forgeries

These examples illustrate how a party's negligence can lead to unauthorized signing or alteration of a negotiable instrument. For instance, leaving blanks or spaces on the amount line of the instrument can allow someone to fill in a larger amount than intended. Similarly, mailing the instrument to the wrong person or failing to follow internal procedures can result in unauthorized signing or alteration.

neglegentia | negligent act

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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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