BEARE

1 definition found

From Bouvier's Law Dictionary, Revised 6th Ed (1856) [bouvier]:

  BEARER. One who bears or carries a thing.
       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 
  it, may maintain an action against the drawer or acceptor. 
       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 


  the judiciary act of, 1789, c. 20, limiting the jurisdiction of the circuit 
  court. 3 Mason, R. 308. 
       4. Bills payable to bearer are contra-distinguished from those payable 
  to order, which can be transferred only by endorsement and delivery. 
       5. Bills payable to fictitious payees, are considered as bills payable 
  to, bearer.