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ⓘ Forged endorsement




Forged endorsement
                                     

ⓘ Forged endorsement

Forged endorsement is a type of fraudulent payment. For example, someone may write a cheque with a forged signature. In this case the forged signature makes the endorsement fraudulent. Forging endorsements can be use to prevent the person or legal entity that the payment is made out to from being able to receive its value.

                                     

1. Legal description

If an instrument is endorsed in full, it cannot be endorsed or negotiated except by an endorsement signed by the person to whom or to whose order the instrument is payable. Thus, if such an instrument is negotiated by way of a forged endorsement, the endorsee will not acquire the title even though he be a purchaser for value and in good faith, because the endorsement is nullity. But where the instrument has been endorsed in blank, it can be negotiated by mere delivery and the holder derives his title independent of the forged endorsement and can claim the amount from any of the parties to the instrument.

                                     

2. Examples

A bill is endorsed," payable to X or order”. X endorses it in blank and it comes into the hands of Y, who simply delivers it to A. A would then forge Ys endorsement and transfers it to B. B, as the holder, does not derive his title through the forged endorsement to Y, but through the genuine endorsement of X and can claim payment from any of the parties to the instrument in spite of the intervening forged endorsement.

                                     
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  • an endorsement for any of the party s 2016 presidential candidates. Calling LePage s endorsement an honor, Christie said, To receive an endorsement from
  • official Conservative endorsement was withdrawn on 30 September. This decision led the United Empire Party to withdraw its endorsement from Mrs Stewart - Richardson
  • Recently, he had his own theater show called Magic Beyond Belief in Pigeon Forge Tennessee, which closed in late December 2010. Currently, he performs just
  • parliaments of Ukraine, Moldova, Armenia, Azerbaijan and Georgia participate and forge closer political and economic ties with the European Union. It was established
  • the cheque for 904, 563 was counterfeit, as the drawer s signatures were forged and asked for BNS s assistance. BNS interrupted all transactions in BMP s
  • Estrada who were allegedly involved in the PDAF scam. After the Lakas CMD forged an alliance with Hugpong on November 5, Duterte added Lakas candidate Dr
  • City Council committees, including the Human Rights Committee, where she forged strong links with the ward s significant gay community. Only two years into

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