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WORTH RULING OF COURT Bank Receiver Loses Suit Through Omission of "Or Order" in Note CASE BITTERLY FOUGHT The Kansas supreme court has ruled that two little words. der". make all the difference in the world in check, promissory note or similar instrument. The decision was forthcoming in the case of Ray Foley, receiver the American State bank of Wichita. against John Hardy Little River. Judgment of the district was affirmed and the bank in its attempt col$2.500 on note because lacked being negotiable only because the two little words not present. The note was obtained by the bank through third party. stock salesdisposed of some stock to Hardy. Foley ran in the the bank started suit to collect. 'Six months after date promise to pay to myself with interest" That how the note read. The district court of Rice county held that Hardy promised to pay himself and only himself. as the note read no could hold him to an accounting. Had the note read "to myself or order", another party could have collected on Hardy's endorsement. The case was bitterly fought and held great deal interest for local legal talent. point those who handle checks. form of checks more important than most people realize. they say. If one wants keep passing through hands. he need only scratch out the words "bearer" "order" and only the payee whose name appears may collect on from the bank. If the pertinent little words left in the form, the check negotiable, its limit of cirbeing curtailed by the culation only of faith placed in the bank amount account of the one who writes it.
