Savannah courier. (Savannah, Tenn.) 1885-1979, 1886-09-16
BUSINESS LAW.
Essence of Legal Regulations Acknowl
W. edged In All States.

Essence of Legal Regulations Acknowl.
W. edged In All States.
The maker of an accommodation bin
or note-that is, ore for which he has
received no consideration, having lent
his name or credit for the accommoda-
ton of the holder--is as fully bound to
all other parties as if there were good
consideration. s+
No evidence may be introduced to
contradict or vary written contract,
but such evidence may be received in
order to explain the contract when it
is in need OF explanation. 'fi
! If one holding a cheek aspayee OF
otherwise transfers it to another he has
| a tight TO insist that the check be pre-
sented that day or, at'farthest, the day
following. 80. 3sssss sgi .fa5f
3 Checks or drafts should be presented
during business hours, but in this coun-
!. try except in cases of banks-the time
extends through the day and evening.
An oral agreement must be proven
by evidence. "A written agreement
proves. Itself. The law prefers written
to oral evidence, because OF its precis-
| ion.t
,'value received" is usually, and
should be, written in note, but is not
essential. If not written it Us presumed
by the law, or may be supplied by
proof. siWt.
If note is lost or stolen il does not
! release the maker. He must pay it il
the Consideration for which it was
given and the accountl can be proven. .
If the letter containing the protest
Of honspaymcnt be PUT in the post
office, any miscarriage does not affect
the party giving notice.
ASnote fndorsedl in blank the name
of the indorser only, written is trans
ferable8by delivery, the same as il
made. payable,toY bearer TTs
Each Individual in partnership is
responsible for the whole amount OF
debts of the firm, except in cases Of
special partnership.
An agreementiwithout consideration
is void; note made on Sunday is void;
contracts made on Sunday can not be
forced. ~ .
II. the drawer of a check or draft has
changed his residence the holder must
use all reasonable diligence to find
him. N .4i II, .is.o..
A note made by minor is void; a
contract made with minoris void; 8
contract made with lunatic is void
The time of payment of note mus
not depend upon contingency, The
promise must be absolute.
| Angindorsee has right of actor
against all whose names were ON the
bill when he received it. .rs ami
Notice of protest may be sent either
to the place of business or of residence
of the party notified.
Anote obtained by fraud or from 8
person in state of intoxication car
not be collected. %, aas. ,yf ~
III A bill may be written upon any pa
per or substitute for it, either with inl
or pencil
The payee should be distinctly named
in the note, unless it is payable t
bearer. ---.---
No consideration is sufficient in Law
if it be illegalin its nature.
Principals are responsible, for thu
acts Of their agents. TN 4 NI (
p The law compels no one to do i'm
possibilities. 81. .s~v.y
Signatures made with pencil ar,
4 goodoin law gT.fTWTFsnYfEey
A receipt for money is not Away
conclusive. gipGIu ssund}i
Notes bear interest. only when, 81
Stated ~ '''4 f9nF's
Iglwrance, of the laweNcuses no one
1t is fraud to conceal fraud. =
Chic00O NetOS.