408.306 Effect of guaranteeing signature, endorsement or instruction.
98 words·~1 min read·
/wi/chapter-408/408-306-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
408.306 Effect of guaranteeing signature, endorsement or instruction.
(1)A person who guarantees a signature of an endorser of a security certificate warrants that at the time of signing:
(a)The signature was genuine;
(b)The signer was an appropriate person to endorse, or, if the signature is by an agent, the agent had actual authority to act on behalf of the appropriate person; and
(c)The signer had legal capacity to sign.
(2)A person who guarantees a signature of the originator of an instruction warrants that at the time of signing:
(a)The signature was genuine;