N.Y. Uniform Commercial Code 3-402 – Signature in Ambiguous Capacity
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Section 3–402. Signature in Ambiguous Capacity.
Terms Used In N.Y. Uniform Commercial Code 3-402
- Instrument: means a negotiable instrument. See N.Y. Uniform Commercial Code 3-102
Unless the instrument clearly indicates that a signature is made in some other capacity it is an indorsement.