See Also: bearer(medicine)
BEARER(law)
bearer(dictionary)
Water-bearer(medicine)
stretcher-bearer(dictionary)
standard-bearer(dictionary)
sword-bearer(dictionary)
Bearer share(finance)
Bearer form(finance)
Bearer bond(finance)

BEARER (law)


BEARER. One who bears or carries a thing. 2. If a bill or note be made payable to bearer, it will pass by 2. If a bill or note be made payable to bearer, it will pass by delivery only, without endorsement; and whoever fairly acquires a right to delivery only, without endorsement; and whoever fairly acquires a right to it, may maintain an action against the drawer or acceptor. it, may maintain an action against the drawer or acceptor. 3. It has been decided that the bearer of a bank note, payable to 3. It has been decided that the bearer of a bank note, payable to bearer, is not an assignee of a chose in action within the 11th section of bearer, is not an assignee of a chose in action within the 11th section of the judiciary act of, 1789, c. 20, limiting the jurisdiction of the circuit the judiciary act of, 1789, c. 20, limiting the jurisdiction of the circuit court. 3 Mason, R. 308. court. 3 Mason, R. 308. 4. Bills payable to bearer are contra-distinguished from those payable 4. Bills payable to bearer are contra-distinguished from those payable to order, which can be transferred only by endorsement and delivery. to order, which can be transferred only by endorsement and delivery. 5. Bills payable to fictitious payees, are considered as bills payable 5. Bills payable to fictitious payees, are considered as bills payable to, bearer. to, bearer.