Where the payee is a fictitious or non-existing person, the bill may BE treated as payable to BEarer.
Where a bill is not payable to BEarer, the payee must BE named or otherwise indicated therein with reasonable certainty.
""holder"" means the payee or indorsee of a Bill or note who is in possession of it, or the bearer thereof;
The payee may take the check directly to the payor bank(the bank on which it was drawn)FOR payment
The applicant has the right to ask the payee to make payment on the day the judgment is publicly announced.
A promissory note is inchoate and incomplete until delivery thereof to the payee or bearer.