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Show ! Oi it TALKS j ON BANKING Checks Payable to Hearer Legally, checks payable "to bearer'-' need no indorsement, title and ownership thereto passing by delivery, deliv-ery, although banks in paying such ; checks usually ask to have them in-j in-j dorsed by. the person presenting I them in order to create evidence as !j to whom the money was paid. Ac-ji Ac-ji cording to law,, banks are not required re-quired to demand identification of persons presenting checks payable to bearer. Where a bearer check has been cashed by a person not entitled to the fluids represented thereby recovery re-covery is well-nigh impossible. In ac- copling a.bearer check from a holder j other than the drawer, secure the holder's indorsement if possible, j Should payment of the check be re-ft'sed re-ft'sed you can then call upon the in dorsarto: make the check good to ; ou. , |