Per Curiam.
The rights and liabilities of the parties are governed by the provisions of the former Negotiable Instruments Law and not by those of the Uniform Commercial Code. (See Uniform Commercial Code, §§ 10-101, 10-105.) Appellant asserts the defense that he was induced by respondent payee to indorse the notes by the fraudulent misrepresentations of the payee's president that the indorsement was meaningless, was wanted only for "window dressing...
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