Quast v. Ruggles

Citations

• 72 Wash. 609
• 131 P. 202
• 1913 Wash. LEXIS 1524

Syllabus

<p>Bills and Notes — Negotiability—Statutes—Construction. Under Rem. & Bal. Code, § 3392, subd. 4, providing that a note to be negotiable “must be payable to order or to bearer,” and Id., § 3401, providing that’it need not follow the language of the act, but any terms are sufficient which clearly indicate an intent to conform to the requirements thereof, a mortgage note simply made payable to B. (the mortgagee) without the words “order or bearer” or words of similar import, is not negotiable; notwithstanding provisions in certain contingencies respecting the mortgagee or his “assigns;” since these relate to the mortgage and indicate only that the mortgage may be transferred by assignment.</p>