| Commentary

3 Third parties

| Commentary

3 Third parties

If, however, the payee, in order to make payment or effect credit, wishes in a transaction involving a third party to use an instrument he obtained from the payer, the third party may well be reluctant to accept an instrument the value of which depends on the title of the payer, who may be unknown to the third party. What is necessary, as far as the third party is concerned, is that the instrument should confer a right of payment as good as if the instrument had been drawn up by the payee, with whom the third

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