Section Text
Illustrations B signs the following indorsements on different negotiable instruments payable to bearer. — (a) “Pay the contents to C only”. (b) “Pay C for my use.” (c) “Pay C or order for the account of B.” (d) “the within must be credited to C.” These indorsements exclude the right of further negotiation by C. ( e ) “P a y C. ” (f) “Pay C value in account with the Oriental Bank.” (g) “Pay the contents to C, being part of the consideration in a certain deed of assignment executed by C to the indorser and others.” These indorsements do not exclude the right of further negotiation by C.