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Whom a Bill May Be Negotiated


WHOM A BILL MAY BE NEGOTIATED. A bill may be issued to any per son, including the drawer, drawee, acceptor or prior indorsers, and may be reissued by such indorsees. But in case a bill is indorsed back to a party already liable thereon, he cannot sue the intermediate parties, and in case it is indorsed to the acceptor at or after maturity it is discharged. (Bank v. Thompson, 124 Mass., 515.) A special indorsee should be desig nated with the same certainty as in the case of an original payee. (Murray v. East India Co , 5 B. & Ad., 204.)