U.s. Postal money orders are not negotiable instruments, says bedanlawnot es. Some restrictions imposed upon money orders by postal laws and regulations are inconsistent with their character, he says. Es: an instrument that is payable to bearer may be negotiated by mere delivery. But an order to promise to pay out of particular f und is not unconditional.
U.s. Postal money orders are not negotiable instruments, says bedanlawnot es. Some restrictions imposed upon money orders by postal laws and regulations are inconsistent with their character…