 | Benjamin Russell - 1921 - 644 էջ
...that the bills had been made payable to a fictitious person, and they relied upon the provision that where the payee is a fictitious or non-existing person the bill may be treated as a bill payable to bearer.2 If these bills were payable to bearer, the bankers were justified in paying... | |
 | Ernest Washington Chance - 1922 - 622 էջ
...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, or indicating What bills an intention that... | |
 | Henry Roscoe, James Sands Henderson - 1922 - 812 էջ
...infra, the indorsement might be so proved, even when both signatures are per procuration. By sect. 7 (3), where the payee is a fictitious or non-existing...person, the bill may be treated as payable to bearer. Where there was no proof of the handwriting of one of the indorsers, but it appeared that the indorsement... | |
 | Alured Nathaniel Myddelton Wilshere, John Indermaur, Alured Myddelton Wilshere - 1922 - 742 էջ
...or some of several payees. A bill may also be payable to the holder of an office for the time being. Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer (g). Thecase of Bank of England v. Vagliano (h) illustrates the meaning of " fictitious person." Vagliano... | |
 | James William Gilbart - 1922 - 468 էջ
...and any loss so incurred must in the ordinary course be borne by the paying banker. When, however, the payee is a fictitious or non-existing person, the bill may be treated as payable to bearer. In the well-known case of Vagliano Bros. v. Bank of England, it was decided that a person who had no... | |
 | John Barnard Byles, Walter John Barnard Byles - 1923 - 532 էջ
...payees. A bill may also be made payable to the holder of an office for the time being (pp. 74, 80, 154). (3.) Where the payee is a fictitious or non-existing person the bill may ba treated as payable to bearer (pp. 81, 82, 83, 84, 88, 197, 290). 8. (pp. 2, 152, 192) (1.) When... | |
 | John Mews - 1925 - 944 էջ
...For the purpose of construing s. 7, sub-s. 3, of the Bills of Exchange Act, 1882, which enacts that " where the payee is a fictitious or nonexisting person the bill may be treated as payable to bearer," the circumstances of the particular case must be looked at to see whether the name inserted in a bill... | |
 | Lionel Cuthbert Cropper - 1927 - 888 էջ
...expressed to be so payable, or on which the only or last indorsement is an indorsement in blank (S. 8 [3]). Where the payee is a fictitious or non-existing...person the bill may be treated as payable to bearer (S. 7). There are thus primarily three parties to a bill of exchange, viz. drawer, drawee, and payee.... | |
 | Melville Madison Bigelow - 1928 - 682 էջ
...of the Statute. The English Statute, on the other hand, alters the unwritten rule, by declaring that "Where the payee is a fictitious or non-existing person, the bill may be treated as payable to bearer." BEA § 7 (3) — thus eliminating the necessity of knowledge on the part of the drawer or maker. Bank... | |
 | Queensland - 1884 - 444 էջ
...of several payees ; a bill may also be made payable to the holder ol 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. 9- (1.) When a bill contains words prohibiting transfer, or what bills a« indicating an intention... | |
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Where the payee is a fictitious or non-existing person the bill may be treated as payable to bearer. 
