This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
Some authorities, however, hold that a written simple contract cannot be delivered to the obligee in escrow. In some jurisdictions, negotiable instruments are specially singled out as instruments which cannot be delivered in escrow to the payee.1 A negotiable " note may be delivered as an escrow to a third person, but it cannot be so delivered to the payee."2 Thus, if a negovesting Machine Co. v. Faulkner, 7 S. D. 363; 58 Am. St. Rep. 839; 64 X. W. 163.
6 Knight v. Hurlbut, 74 Ill. 133; McCormick Harvesting Machine Co. v. Faulkner, 7 S. D. 363; 58 Am. St. Rep. 839; 64 N. W. 163; Majors v. McNeilly, 7 Heisk. (Tenn.) 294.
7 Catling v. San Augustine County, 25 Tex. Civ. App. 283; 61 S. W. 432.
8 Smith v. Spragins, 109 Ky. 535; 59 S. W. 855.
9 Board of Education v. Robinson, 81 Minn. 305; 84 N. W. 105.
1 Garner v. Fite, 93 Ala. 405; 9 So. 367; Scott v. Bank, 9 Ark. 36; Walker v. Crawford, 56 Ill. 444; 8 Am. Rep. 701; Murray v. W. W. Kimball Co., 10 Ind. App. 184; 37 N. E. 734; Dils v. Bank, 109 Ky. 757; 60 S. W. 715; Hurt v. Ford, 142 Mo. 283; 41 L. R. A. 823; 44 S. W. 228; Henshaw v. Dutton, 59 Mo. 139.
2Clanin v. Machine Co., 118 Ind. 372, 374; 3 L. R. A. 863; 21 N. E.
 
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