...so payable; or "Second, when it is payable to a person named therein or bearer; or (133 P.) "Third, when it is payable to the order of a fictitious or...was known to the person making it so payable ; or "Fourth, when the name of the payee does not purport to be the name of any person; or "Fifth, when...

...holder In due course. Section 5842, LOL, declares In part: "The instrument is payable to bearer « * » (3) when it is payable to the order of a fictitious...fact was known to the person making it so payable. » « * " The court declined to Instruct as to the law concerning a fictitious person, for the reason...

...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...only or last indorsement is an indorsement in blank. §10. TERMS; WHEN SUFFICIENT. — The instrument need not follow the language of this act, but any...

...person named therein or bearer, or (3) when it Is payable to the order of a fictitious or nonexlstlng person, and such fact was known to the person making...last indorsement is an Indorsement in blank." The note in question in this case is not payable to either order or bearer. Under these provisions of the...

...plaintiff mav The Negotiable Instruments Law provides that " the instrument is payable to bearer . . . when it is payable to the order of a fictitious or...fact was known to the person making it so payable." See NY Gen. Laws, c. 50, § 28. In the principal case the instrument was made payable in name to a...

...1909, § 9980, providing that a note made payable to a fictitious person or nonexisting person, or when the name of the payee does not purport to be the name of any person, is considered payable to bearer, and hence could be negotiated by delivery and could not be indorsed...

...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...only or last indorsement is an indorsement in blank. 29. The instrument need not follow the language of this Act, but any terms are sufficient which clearly...

...the draft. An instrument is payable to bearer not only when it is so expressed on its face, but also "when it is payable to the order of a fictitious or...fact was known to the person making it so payable." Neg. Inst. Law, Laws 1897, p. 724, c. 612, § 28, subd. 3. To bring the draft within the provisions...

...underlying the act of the maker in inserting the name." Thus, if the negotiable instrument is made payable to the order of a fictitious or nonexisting person, and such fact was known to the maker, or when the name of the payee does not purport to be the name of any person, the instrument...

...payable 1. WThen 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...only or last indorsement is an indorsement in blank. Sec. 10. The instrument need not follow the Form, language of this Act, but any terms are sufficient...