Farquhar v. Fidelity Ins., etc., Co.

McKENNAN, Circuit Judge.

It is an essential feature of a negotiable note that it should be made transferable, so as to give .the holder a right of action in his own name. Hence it has been held that the use of the ordinary terms “or order,” “or bearer,” are not indispensable to impress upon it this quality of transferability. Words of equivalent meaning, which clearly show the intention of the maker, are equally effectual. This is the import of most of the authorities referred to by the counsel for the respondents. They only determine that words in a bill or note, from which it can be inferred…