The Caucasian. [volume] (Alexandria, La.) 1874-1875, 1874-04-18
BUSINESS LAWS.

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We aciN az tbs column endearor IL
present oar readers ecith tie maii
TEXTURES Of the Laacs of Loujsia,sa
re'atjre to ecery Dig a0niys, in {
brief and comprehensive form; anc
solicit questions achjch zee ,ciU an
s1ce' gratuitously, # upon lega
matters Of general interest:
AGENT.
Powers Of Attorney may be express
for one or more particular objects, OF
general for all purposes. They shoult
be in writing and maybe 10y either b,
private or public act. The mandate
may be accepted either in the act it.
self, or by implication, from acting il,
pursuance of the authority granted
The principal is bound by the acts OF
the agent done in pursuance Of the au-
thorty given him; but is not bound by
his acts clearly in access OF his power.
| 1t is for him who deals with an agent
to see that lie has authority. A spe-
cial power Of attorney is necessary to
sell real estate or accept onerous con
tracts. A lawyers authority is pre-
sumed and requires no express giant
to bring and conduct suits or sign re-
ceipts.
BILLS
May be either Foreign or Inland. We
will deal only with Inland bills. I'm
der this head is embraced all drafts or
ders. checks, ETC., for the payment of
money. Three days of grace is allowed
even if drawn cat sight" At sight
means within'a reasonable time, accord
ing to the distance, facilities for COM
munication, etc. No protest is neces-
sary bnt notice Of refusal to accept or
Of failure to pay must be given all par
ties Immediately. To the Drawer be-
cause if he can show that he had mon
ey or a reasonable expectation that bis
draft would be paid by the Drawee he
is entitled to notice that he may take
steps to protect himself from the dis
honesty of his faithless depository.
To the endorses, if there are any, in
order that they may have their imme-
date recourse upon the drawer aud all
prior endorses. The holder may Sc
lect any ono or more Of the endorsers
and release all the balances behind him,
but the endorser held liable by him
will have his recourse on all the Other
endorsers ahead Of him and upon the
principal. 1t is incumbent u,son him
to notify all the parties that he intends
to hold luble as soon as he, himself
receives the notice Of the disllonor OF
the bill. The endorsers and securities
are not bound unless the principal is
bound. This is true of all contracts
secured by endorsers or securities. The
advantage of q notarial protest, is tlgt
it is full proof itself, while any other
form OF notice requires strict proof.
CONTRACTS
are the evidences of obligations. The
obligation arises from the common as
sent Of the minds of the contractors to
do or not to do, to give or not to give,
some particular thing or act; aud Of
the contract may be Ell
Their vel bal or written. The verbal re-
qnires proof, the written only proof Of
the signatures. Every contract must
have some consideration. A contract |
without consideration Of some sort is
void. Nevertheless the burden NAV be
all OH one side, as when love and aifec-
ton is the consideration, and then it is
called nni-lateral, or more on one side
thon on the other, and theh it is called
onerous, Or equally burdensome on
both, and then it is called commuta-
tive
Every person may contract, except
those specially prohibited 10y law, and |
they are, minors, lunatics, and mar
lied women, except when she is Il pub
lie lnesoban5 o. managing her dotal or
paraphelnal property. at is for him
who deals with IL married woman to /
sec that the contract inuulcs to her
Jenetit.H
The obligation arising from the con-
tract may De SOLITARY or joint. When
it is i'll so.islo Zach is bound for the
whole; when it is joint each is only
bound for his propol ton, according to
The number OF contracting parties, for
one-haif il there are two, for one third
ii there are three, etc, or the liability
Of each may be limited TO some specific
amount mentioned. Every valid obli
cations is followed by its necessary
concomitant, the right to enforce it by
suit at law.
y" say, Sambo." said one Virginian