It is a bearer instrument. Good luck wit all that.
“It is a bearer instrument.”
Exactly.
There was the Texas case of Willis Willis.
The store clerk stole Willis Willis’ lottery ticket, but stole it after it was determined to be a winning ticket. When it was stolen, Willis Willis did not know Willis Willis was a Winner.
The state ended up paying Willis Willis but Willis Willis only received a portion of the Willis Willis’s Winnings.