Visible evidence that a signature on a check was forged will disqualify a purchaser from HDC status.

Question

Quizplus · Accepted Answer

According to the Uniform Commercial Code (UCC), a forged signature on a check will disqualify the purchaser from being considered a holder in due course (HDC). This means they will not have the same legal rights and protections as an HDC if there are any disputes or legal actions involving the check.

Visible Evidence That a Signature on a Check Was Forged