Quote Originally Posted by Rock Anthony View Post
Hmm. So now I wonder if banks required endorsement before the Federal Reserve came into existence.
This is more of an expansion on (post #202)... if an instrument is payable to order, it cannot be paid until the order is affixed. A mere signature of the payee without any extra writing is akin to writing "Pay to bearer". You might do well to look study negotiability of promissory notes and ancient "Statutes of Anne". There are likely a few treatises which reference such. "Pay to" vs "Pay to the order of".... assignment vs. negotiation. Negotiation is merely a convenient way of assigning title however it may open doors for the Law Merchant to apply whereas "Pay to" might not invoke the Lex Mercatoria.

[ Post #202 > http://savingtosuitorsclub.net/showt...ull=1#post5649 ]