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Updated: May 1, 2025
Most notes are negotiable; that is because they may be sold, like any other personal property, or the ownership may be transferred from one person to another. No note is negotiable that does not bear on its face, the words, "Pay to bearer," or "Pay to the order of," followed by the payee's name. When two persons sign a note they become jointly and individually responsible for its payment.
Tearing it open, he found a cheque on an American bank for a thousand dollars, but the payee's name was different from that on the cover. Foster put it away and lighted his pipe. Some of the bonds had obviously been sold and there were a number of men in the plot, though it was possible that they did not know all about the Hulton tragedy.
He was obliged to admit that the payee's name, as also the amount in words and figures, seemed to be in his handwriting. "Yes," rejoined the manager, "and the signature is very like my own; but it is a forgery. Do you hear me, Babu, a forgery!" To Pulin's disordered senses the room, with its furniture and Mr. Henderson's angry face, seemed to be turning round.
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