 The instrument is payable to bearer — 1. When it is expressed to be so payable; or 2. When it is payable to a person named therein or bearer; or 3. When it is payable to the order of a fictitious or nonexisting person, and such fact was known to the...  Harvard law review - Page 371902Full view - About this book
 | James Parker Hall, James De Witt Andrews - Law - 1910
...as payable to bearer. The rule is thus stated in Sec. 9, subd. 3 of theN. IL: ' ' The instrument is payable to bearer . . . when it is payable to the...known to the person making it so payable. ' ' The reason for the rule very clearly appears to be that if the instrument were treated as payable to order,... | |
 | James Parker Hall, James De Witt Andrews - Law - 1910
...as payable to bearer. The rule is thus stated in Sec. 9, subd. 3 of the NIL : ' ' The instrument is payable to bearer . . . when it is payable to the...known to the person making it so payable. ' ' The reason for the rule very clearly appears to be that if the instrument were treated as payable to order,... | |
 | Willis Seaver Paine - Banking law - 1910 - 811 pages
...is expressed to be so payable; or 2. When it is payable to a person named therein or bearer ; or 3. When it is payable to the order of a fictitious or...fact was known to the person making it so payable ; or 4. When the name of the payee does not purport to be the name of any person ; or 5. When the only... | |
 | Ernest Wilson Huffcut - Negotiable instruments - 1910 - 885 pages
...expressed to l>e so payable;19 or 2. When it is payable to a person named therein or bearer; " or 3. When it is payable to the order of a fictitious or...person, and such fact was known to the person making it BO payable ; zo or 4. When the name of the payee does not purport to be the name of any person ; 21... | |
 | James Irwin Tucker - Engineering - 1910 - 307 pages
...from the apparent strictness of this rule as to certainty of persons when the instrument is payable to a fictitious or non-existing person, and such fact was known to the person making it so payable. If the name or word inserted as payee does not purport to be the name of a person, is payable " To... | |
 | Alfred William Bays - Negotiable instruments - 1911 - 208 pages
...is expressed to be so payable; or 2. When it is payable to a person named therein or bearer ; or 3. When it is payable to the order of a fictitious or...fact was known to the person making it so payable; or 4. When the name of the payee does not purport to be the name of any person ; 5. When the only or... | |
 | Alfred William Bays - Negotiable instruments - 1911 - 208 pages
...is expressed to be so payable; or 2. When it is payable to a person named therein or bearer ; or 3. When it is payable to the order of a fictitious or...fact was known to the person making it so payable ; or 4. When the name of the payee does not purport to be the name of any person ; 5. When the only... | |
 | Samuel Williston - Commercial law - 1911 - 288 pages
...bearer; that is, either when it is payable simply to bearer or payable to A or bearer; third, where it is payable to the order of a fictitious or non-existing...fact was known to the person making it so payable. That last is a subject to which a moment's attention is desirable. I think I alluded before to the... | |
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