 | Robert Campbell - Annotations and citations (Law) - 1895 - 824 pages
...fictitious person was known to the acceptor." The Act of 1882, section 7, sub-section 3, enacts that " Where the payee is a fictitious or nonexisting person, the bill may be treated as payable to bearer." As a statement of law before the Act, that would have been incomplete and inaccurate. The omission... | |
 | Joseph Chitty - Contracts - 1896 - 906 pages
...some of several payees. A bill may also be made payable to the holder of an office for the time being. (3) Where the payee is a fictitious or non-existing...person the bill may be treated as payable to bearer (</). S. 8. — (1) When a bill contains words prohibiting transfer, or What bills indicating an intention... | |
 | Law reports, digests, etc - 1896 - 830 pages
...faith, and gave judgment for the defendants. Section 7 (3) of the Bills of Exchange Act provides that " where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer." Tindall Atkinson, QC, and WA Meek, for the appellants, the plaintiffs. 114 115 OUST OF APPEAL. CLUTTOIT... | |
 | Edward Bullen, Thomas Joseph Bullen - Forms (Law) - 1897 - 1210 pages
...liabilities of an indorser. (See s. 56.) As to what constitutes a valid delivery, see ss. 2, 21 (2). By s. 7 (3), " Where the payee is a fictitious or non-existing...person the bill may be treated as payable to bearer." If the name of a real person is used as payee, who has not, and never was intended by the drawer to... | |
 | Benjamin Bannister Turner - Banks and banking - 1897 - 336 pages
...Vagliano Brothers. The wording of the Act is open to more than one interpretation where it says that " Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer." The majority of the law Lords, in giving judgment in favour of the Bank, took a rational and common-sense... | |
 | James Cockcroft, David Shephard Garland, Lucius Polk McGehee, Charles Porterfield - Law - 1897 - 1218 pages
...([1891], App. Cas. 107). Section 7, subsection 3, of the English Bills of Exchange Act, enacts that where the payee is a fictitious or nonexisting person, the bill may be treated as payable to bearer. The Court of Appeal regarded this as but a codification of the previous law, and Bowen, LJ, speaking... | |
 | Gold Coast, Sir William Brandford Griffith - Law - 1898 - 714 pages
...some of several payees. A bill may also be made payable to the holder of an office for the time being. (3 ) Where the payee is a fictitious or non-existing...person the bill may be treated as payable to bearer. 8. — (1) When a bill contains words prohibiting transfer what bills or indicating an intention that... | |
 | Institute of Bankers (Great Britain) - Banking law - 1898 - 396 pages
...initialled. The customer contended that in terms of clause 3, see. 7, of the Bills of Exchange Act, " Where the payee is a fictitious "or non-existing person the bill may be treated as payable to " bearer." But the banker asserts his right to return the cheque, under clause 1 of the same section, " Where... | |
 | Canadian Bankers' Association - Banks and banking - 1899 - 504 pages
...bill of exchange because there was no payee. Nor is it made a bill payable to bearer by section 7, subsection 3. " Where the payee is a fictitious or...person, the bill may be treated as payable to bearer." To make it a bill and get within the section there must, to my mind, be a name as payee which represents,... | |
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Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer. 
