Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Impost
A tax or duty, esp. a customs duty <the impost was assessed when the ship reached the mainland>. See DUTY (4).
impostor
One who pretends to be someone else to deceive others, esp. to receive the benefits of a negotiable instrument. - Also spelled imposter.
impostor rule
Commercial law. The principle that an impostor's indorsement of a negotiable instrument is not a forgery, and that the drawer or maker who issues the instrument to the imposter is negligent and therefore liable to the holder for payment. ( If a drawer or maker issues an instrument to an impostor, any resulting forgery of the payee's name will be effective in favor of a person paying on the instrument in good faith or taking it for value or collection. UCC ยง 3-404.