Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1882-01-27
Business Laws in Daily Use.

IL Il IlOIS Is lOSl OF stolen II uOeS not
release the maker; he must pay it if
the consideration for which it was given
and the amount can be proven.
Notes bear interest only when SO
stated.
Principals are responsible for the acts
of their agents
Each individual i'll partnership is
responsible for the whole amount of the
debts of the firm, except in cases Of a
special partnership.
Ignorance of the law excuses no one.
An agreement without consideration
is void.
A note made on Sunday is void.
Contracts made on Sunday cannot be
enforced.
4 note by 8 minor is void
A contract made with lunaIc is
void.
A note obtained by fraud or from a
person in Il state of intoxication cannot
be collected.
1t is fraud to conceal fraud
Signatures made with lead pencil
are good in law.
The acts of one partner bind the rest.
value received" is usually written
in a note, and should be, but is not
necessary. If not written it is pre-
sumed by the laM or may be supplied
by proof.
Tie maker of an accommodation
bill or note Zone Tor which lie has re-
ceived no consideration, having lent
his name or credit for the benefit of the
holder, is not bound to the person ac-
commodated, but is bound 10 all other
parties, precisely as if there was good
consideration.
No consideration is sufficient in law
if it be Illegal in its nature.
Checks or drafts must be presented
for payment without unreasonable de-
lay.
an indorSee has a right of action
against ali whose names were on the
bin when he received it.
If the letter containing a protest of
non payment be put into the postoffice,
any miscarriage does not affect the
party giving notice.
Notes of protest may be sent either
to the place of business or residence of
the party notified.
The holder of a note may give notice
Of protest either 20 all the previous in
dorsers, or only to one of them; in case
of the latter, he must select the last in
dorser, and the last must give notice to
the last before him, and so on. Each
indorser must send notice the same day
or the day following. Neither Sunday
nor legal holiday is to be counted in
reckoning the time in which notice is
to be given.
If two or more persons as partners
are. jointly liable on a note or bill, due
notice to one Of them is sufficient.
An indorser may prevent his own
liability to be sued by writing without
recourse" or similar words.
All claims which do not rest upon
seal or judgment must be sued within
six years from the time when they
arise.
Part payment Of debt which has
passed the time of statutory limitation
revives the whole debt, and the claim
holds good for another period of SIX
years from the date of such partial pay
ment.
If, when a debt is due, the debtor is
out of the state, the six years" do not
begin to run until he returns. If he
afterward leave the state, the time for
ward counts the same as if he remained
in the state.-SchOol Journal
United States Senator Morrill,, of
Vermont, is described as "a man of
ponderous, though shapely, form, of
grave aspect and looks the pillar of
state indeed He is the tariff heavy
weight He speaks slowly and DELHI
erately, as though choosing words with
great care, although he seems to have
his subject well in mind, and to be
ever ready with the proof for all asser-
tons. He is generally sure of Mr..
Beck for an auditor, for the tariff is
one of that gentleman's pet sore
spots; and Senators Edmunds and
Anthony, who are his near neighbors
and chums, always give him respect
full hearing, though it seems to me to
be done as a matter of duty. Other
senators apparently prefer 10 read up
the Record after It's printed, as in most
other cases"