2010 Georgia Code 11-3-406 Case Law
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One Click Case Law for § 11-3-406
O.C.G.A. § 11-3-405 <-- --> O.C.G.A. §11-3-407



2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 3 - NEGOTIABLE INSTRUMENTS
PART 4 - LIABILITY OF PARTIES
§ 11-3-406 - Negligence contributing to forged signature or alteration of instrument

O.C.G.A. 11-3-406 (2010)
11-3-406. Negligence contributing to forged signature or alteration of instrument


(a) A person whose failure to exercise ordinary care substantially contributes to an alteration of an instrument or to the making of a forged signature on an instrument is precluded from asserting the alteration or the forgery against a person who, in good faith, pays the instrument or takes it for value or for collection.

(b) Under subsection (a) of this Code section, if the person asserting the preclusion fails to exercise ordinary care in paying or taking the instrument and that failure substantially contributes to loss, the loss is allocated between the person precluded and the person asserting the preclusion according to the extent to which the failure of each to exercise ordinary care contributed to the loss.

(c) Under subsection (a) of this Code section, the burden of proving failure to exercise ordinary care is on the person asserting the preclusion. Under subsection (b) of this Code section, the burden of proving failure to exercise ordinary care is on the person precluded.

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Graham W. Syfert, Esq., P.A.
Phone: 904-383-7448
Fax: 904-638-4726

graham@syfert.com