U.C.C. - ARTICLE 3 - NEGOTIABLE INSTRUMENTS
..PART 3. ENFORCEMENT OF INSTRUMENTS
§ 3-308. PROOF OF SIGNATURES AND STATUS AS HOLDER IN DUE COURSE.
- (a) In an action with respect to an instrument,
the authenticity of, and authority to make, each signature on the instrument
is admitted unless specifically denied in the pleadings. If the validity of
a signature is denied in the pleadings, the burden of establishing validity
is on the person claiming validity, but the signature is presumed to be authentic
and authorized unless the action is to enforce the liability of the purported
signer and the signer is dead or incompetent at the time of trial of the issue of
validity of the signature. If an action to enforce the instrument is brought
against a person as the undisclosed principal of a person who signed the instrument
as a party to the instrument, the plaintiff
has the burden of establishing that the defendant is liable on the instrument
as a represented person under
Section 3-402(a).
- (b) If the validity of signatures is admitted or proved and
there is compliance with subsection (a), a plaintiff producing the instrument is
entitled to payment if the plaintiff proves entitlement to enforce the instrument
under Section 3-301, unless the defendant proves a
defense or claim in recoupment. If a defense or claim in recoupment is proved,
the right to payment of the plaintiff is subject to the defense or claim, except
to the extent the plaintiff proves that the plaintiff has rights of a holder
in due course which are not subject to the defense or claim.
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© Copyright 2005 by The American Law Institute and the National Conference of Commissioners on Uniform State Laws; reproduced, published and distributed with the permission of the Permanent Editorial Board for the Uniform Commercial Code for the limited purposes of study, teaching, and academic research.