The daily intelligencer. [volume] (Seattle, Wash. Territory [i.e. Wash.]) 1876-1881, 1880-08-24
BUSINESS LAWS.

Law contains the essence Of 9 lArg'
amount of legal verbiage:
Ifa note 10 lost or stolen il does DO
release the maker; be must psy IL i
the considerstios for which il 10 giyes
aud the amount can bs proven.
Notes bear interss, only when .
stated.
Principals are responsible for the act
Of their agents.
Each individual in q partnership Il
responsible for the whole amount Of Tbs
debt OF the firm. except IN eaNe Of ,pe
cial partnership.
Ignorance Of the law exensss no one
A note made on Sunday 10 void.
Contracts made on Sunday csnoes b
enforced.
4 note by q minor il voidsbls.
A contract msds with . minor II
void.
A contract made with . lunstic il
void.
A note obtained by fraud. or from q
person in state If intoxication, can
not be collected.
signstures made with . lead pesGal
arc good 10 Law.
A receipt for money 10 not alvsyi
conclusive.
The act Of one partner bisds all the
rest.
Value received" Is usually written
in 9 note, and should be, but Ia not no
esssary. II not written 1t is presumed
by law. or msy be supplied by proof
The maker of an Accommodation
bill OF note lone for which be has re-
c.ivcd no consider alton. having lent
lis nsme or credit for the sccommoda-
tiom Of the holder il not bound ~ the
person accommodated. but IL bound "a
all other parties precisely ~ II tosss
WAS q god consideration.
No consideration 10 sufficient In Las
ii il b. illegal in its nature.
Checks or drafts must be presented
during business hours; but IN this eoan
try. except in the cas- Of banks. The
time extends through the day and
evening.
IL the drswse Of . check Of draft
has changed his residencc, the holder
must uss due or reasonable diligence q
find him.
II Que ~ no holds . check ~ psyse OF
otter~ise transfers il ~ another, he tal
right 10 insist that the check be pre-
scented that day. or. at farthess, on the
day following.
A note Endorsed in blank (the nam,
Of the iniorser only written) Is trans
fersbie ty delivery. the same as il msd,
payable to bearer.
IL the time OF payment Of q nots j
not inserted. it is held payable on de
mand.
A bill may be well written upon an,
paper. or substitute for It, either will
ink or pencil.
The time of payment Of q note mus
not depend upon contingency. Tn,
promise must DO absolute.
The psyee shoald he distinctly namet
in the note. unless IL DO payable TO th,
bearer.
An endorser has . right ct actioi
against oil whoes names were on tn,
bill when he received 10.
II the letter containing the protest o
non-lwyment be put into the post OF
nee. any miscarriage does not affect tn
party giving The notice.
Nu;,ce II protest may be sent TO th,
place at business or Of residence Of to,
party notified.
The holder Of note may give pro
test e,ther 10 oil the previous endorses
az as,ly ~ one Of them; in csse Of th,
latter he must select the last endorscr
snd the last must give notice 10 Oh,
last before him. and 20 on. Each IN
dorscr must scnd notice ths Mama de,
or the day following. Neither Sunda,
or legal holiday 10 TO b counted i
reckoning the time in which notice 70 !,
be given.
The loss Of note or bill ID not sui
fcient excuse for not giving notice o
protest.
II two or more persons - partner
are jointly liable on . note or bill. du
notice to one OF them Is sufficient.
IL note OF bill Ia Transferred % 90
curity, or even ~ payment Of pre-
existing debt, the debt rssives IL th,
uots OF bill be dishonored.
An Endorsement may DO written ol
the face or back.
An endorser may prevent his Owl
liability TO be sued by writing "withou
recourse" or similar words.
Part payment Of debt which he
passed the time Of statutory hp.itssio,
revivss the whole debt. aud tho elaiu
holds gosd for another pc, iod ~ limit
cd by the statots from the date Of sucl
partial payment.
A verbal promise TO pay. made with
out conditions. Is generally held - suffl
ciens TO revive . claim othsrviss shu
out by the Law Of limitation.
IL debtor owes several debts an
pays sum If money to the credi,o,
no has the right to dssignAts the par
ticular dsbt 10 which tLs psymcas VII
apply. and the creditor must 90 appro
priste il.
II, when deht 10 dse. the dsbto
gets out OF the State. the period men
toned Ia the statute Of Limitation doe
not begin 10 run until he returns.
he afterwards leaves the State. the tim
forward counts the Same - il he n
manned in the State.
Except in the case Of absence frou
the State. the period designated in Oh
statute Of limitation begins when th
bill or account 10 due. In case of not
il counts from the close Of the thre
days Of grace. In case Of note 90 de
mand. IL counts from time Of demand