Create an account
indorsement of an impostor or of any other person in the name of the named payee is effective if the impostor has induced the maker or drawer to issue the instrument to him using the name of the payee
the fictitious payee rule
an indorsement by any person in the name of the named payee is effective if an agent of the maker or drawer has supplied her with the name of the payee for fraudulent purposes
negotiation subject to rescission
negotiation is valid even though a transaction is void or voidable
indorsements for deposit or collection
effectively limit further negotiation to those consistent with the indorsement
indorsement in trust
effectively require the indorsee to pay or apply all funds in accordance with the indorsement
indorsements with ineffective restrictions
include conditional indorsements and indorsements attempting to prohibit further negotiation
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