Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
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.