Authority to complete instruments: signer remains liable to a holder in due course for the specified amount within the stamp. Signing and delivering a correctly stamped paper that is blank or contains an incomplete negotiable instrument gives the holder prima facie authority to complete it for any specified amount within the stamp's coverage; the signer is liable in the capacity they signed to a holder in due course for that amount, and only a holder in due course may recover beyond the signer's intended payable amount.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Authority to complete instruments: signer remains liable to a holder in due course for the specified amount within the stamp.
Signing and delivering a correctly stamped paper that is blank or contains an incomplete negotiable instrument gives the holder prima facie authority to complete it for any specified amount within the stamp's coverage; the signer is liable in the capacity they signed to a holder in due course for that amount, and only a holder in due course may recover beyond the signer's intended payable amount.
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