Crawford avalanche. (Grayling, Mich.) 1879-19??, 1883-01-18

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: possibilities.
An agreement without considera
ton is void.
A note made on Sunday is void.
Contracts made on Sunday canno
be enforced
A note by a minor is void.
"A contract made with IA minor /.
void
A contract made with a lunatic i.
void
"A note obtained by fraud, or from q
person in Il state of intoxication. can.
not be collected.
III Is a fraud TO conceal n fraud.
Signatures made with lead pencil
are good in law.
A receipt for money is not always
conclusive.
The acts Of one partner bind all the
rest
Value received is usually written
in note, and should be, but is not
necessary If not written il is pre-
sWned by the law, or may be supplied
10y proof
The maker Of an accommodation"
bill or note zone for which he has re-
ceived no consideration, having lent
his name or credit for the accomno-
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dation of the holder) is not bound TO
the person accommodated, but is
bound to all other parties. precisely n
il there was good consideration,
No consideration is sufficient In law
| if il be illegal in its nature.
Checks or drafts must be presented
Tor payment without unreasonable de-
lay
| Checks or drafts should be present
ed during business hours; but in this
country. except in case of banks, the
time extends through the day and
evening.
III the drawer of check or draft has
changed his residence, the holder must
use due or reasonable diligence TO find
him.
If one who holds n check as Davee
CT otherwise, transfers it to another.
he has a right TO insist that the check
be presented that day, or, at farthest
on the day following.
nnta inln,y.l l..
OF the indorser only written) is trans
ferable by delivery, the same as if
made payable to bearer.
If the time of payment of a note is
not inserted it is held payable on de-
mand.
The time of payment of note must
not depend upon a contingency The
promise must be absolute.
A bill may be written upon any pa.
per or substitute for it, either with ink
or pencil
The payee should be distinctly nam
ed in the notei unless it is payable TO
bearer
An indorsee has right of action
against all whose names were on the
bill when he received it.
IL the letter containing protest Of
non-payment be put into the post Of.
dce, any miscarriage does not affect
the party giving notice.
Notice Of protest may be sent either
TO the place of business or of residence
of the party notified
The holder of n note may give no
ice of protest either TO all the previ-
)us lndorsers or only to one of them:
n case of the latter, he must select
he last indorser. and the last must
ave notice TO the last b,fore him. and
20 ON. Each indorser must send no
zee the same day or the day follow
hg. Neither Sunday nor legal holi
lay is to be counted i'm reckoning the
ime in which notice is to be given.
The loss of a bin or note IL not srHi. :
ient excuse for not giving notice Of
'rotest.
II TWO or more persons as partners G
re jointly liable to a note or bill. duo :
Iotice to one of them issufficient. :
If note or bill IS transferred ms So !
urity' or even as.payment of a pre-. +
xisting debt, the debt revives If the
al or note be dishonored.
An Endorsement may be written on :
ne face or back. .
An indorser may prevent his own n
ability to be sued by writing with {
ut recourse. or similar words. I
All claims which do not rest upon a e
'al or judgment must be sued within Il
< years from tbs time when they a