https://www.taxtmi.com/caselaws?id=291286 A deceased trustee's legal representative was treated, for substitution and devolution of trust property, as the successor in office rather than merely the personal estate representative; the respondent was therefore properly brought on record. A trustee named as payee in a promissory note could sue on the instrument, because a trustee may be a valid payee. Payment made to someone other than the holder did not amount to a valid discharge under negotiable instruments law, so the alleged payment did not extinguish liability. The appeal succeeded only to the limited extent of a credit adjustment for interest, and the cross-objection failed. en-us Thu, 08 Aug 1946 00:00:00 +0530 Thu, 05 Nov 2020 11:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291286 A deceased trustee's legal representative was treated, for substitution and devolution of trust property, as the successor in office rather than merely the personal estate representative; the respondent was therefore properly brought on record. A trustee named as payee in a promissory note could sue on the instrument, because a trustee may be a valid payee. Payment made to someone other than the holder did not amount to a valid discharge under negotiable instruments law, so the alleged payment did not extinguish liability. The appeal succeeded only to the limited extent of a credit adjustment for interest, and the cross-objection failed. Case-Laws Indian Laws Thu, 08 Aug 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291286