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Fictitious Payee

Legal Definition and Related Resources of Fictitious Payee

Meaning of Fictitious Payee

When a bill of exchange is drawn in favor of a non-existent or fictitious person , then the same may be treated as payable to bearer .

Fictitious Payee Alternative Definition

When a contract, such as negotiable paper, is drawn in favor of a fictitious person, and has been indorsed in such name, it is deemed payable to bearer as against all parties who are privy to the transaction, and a holder in good faith may recover on it against them. 2 H. Bl. 178, 288; 3 Term R. 174, 182, 481; 1 Camp. 130; 19 Ves. 311. And see 10 Barn. & C. 468; 2 Sandf. (N. Y.) 38; 2 Deur (N. Y.) 121.

Related Entries of Fictitious Payee in the Encyclopedia of Law Project

Browse or run a search for Fictitious Payee in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Fictitious Payee in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Fictitious Payee in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Fictitious Payee in the Legal Abbreviations and Acronyms Dictionary.

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This definition of Fictitious Payee is based on the The Cyclopedic Law Dictionary . This entry needs to be proofread.

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