Question 46. - Bills of Exchange Act, section 19, sub-section 2. Is there any objection to the form "I promise to pay A.B. and C.D. or order........?" It is claimed there is a legal weakness in this form of note, notwithstanding this section. I cannot see it from either a legal or banking point of view. Will you please decide for me?

Answer. - The instrument in question is in proper form. On endorsement by A.B. and C.D., the holder would obtain a good title against the promissor. There is no doubt either about the right of A.B. and CD. as holders to sue the promissor.