Estoppel against denying payee's capacity to indorse bars makers or acceptors from disputing endorsement in holder-in-due-course suits. Estoppel prevents a maker or acceptor of an instrument payable to order from disputing the payee's capacity to indorse in a suit brought by a holder in ... Summary
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Estoppel against denying payee's capacity to indorse bars makers or acceptors from disputing endorsement in holder-in-due-course suits.
Estoppel prevents a maker or acceptor of an instrument payable to order from disputing the payee's capacity to indorse in a suit brought by a holder in due course, thereby protecting transferability and reliance on endorsements.
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