UNAUTHORIZED COMPLETION

glossary / UNAUTHORIZED COMPLETION

UNAUTHORIZED COMPLETION

unauthorized completion. Commercial law. The act of filling in missing information in a negotiable instrument either without any authority to do so or beyond the authority granted. ? Unauthorized completion is a personal defense, so it can be raised against any later holder of the instrument who does not have the rights of a holder in due course. See personal defense under DEFENSE(4). [Cases: Bills and Notes 60, 378, 452(1). C.J.S. Bills and Notes; Letters of Credit ¡ì¡ì 32¨C33, 36, 65, 74, 102, 197, 244¨C248, 260¨C261.]
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