Payment Systems: Fraudulent Signatures, Alterations and Negligence Podcast

The topic of this podcast is to address the liability that arises when there is a fraudulent signature on an instrument, as well as the effect of alterations and negligence. These rules are covered in Article 3 of the Uniform Commercial Code, which is tested in a number of states on the bar exam. At the conclusion of this podcast, you should be able to (1) describe when a signature is sufficient to make a person liable on instrument; (2) describe how Article 3 treats responsibility for alterations; and (3) describe when the failure to exercise ordinary care will shift responsibility on the grounds of negligence to an account holder. 

 

Podcast Transcript Download

Lesson ID

NP22P

Podcast Running Time

10:16

Creative Commons Licensing

Creative Commons Licence

Lesson Authors