If a maker or drawer believes an imposter to be the named payee on an instrument, the imposter's indorsement is not treated as unauthorized.

Name: If a maker or drawer believes an imposter to be the named payee on an instrument, the imposter's indorsement is not treated as unauthorized.
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In commercial law, the imposter rule states that if a maker or drawer is deceived into issuing an instrument to an imposter, the indorsement by the imposter is considered valid and not unauthorized.

If a Maker or Drawer Believes an Imposter to Be