Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1893-08-02
THINGS WORTH KNOWING.
Bits Of Useful Information Told in Fcw
Words.

Bits Of Useful Information Told in Few
Words.
AS pleading ignorance of the law
does not give immunity from it's ef-
fects we think the following list of
legal terms and their definitions as
in daily use, will be found of great
service to our readers. Fortunes have
often been lost, or mans business
has been hopelessly involved. for the
want of knowledge upon some little
point.
''Value received" is usually written
in note, and should be. but it is
not necessary. II not written it is
presumed by the law or may be sup
piled by proof
The maker Of an accommodation"
bill or note Zone for which he had re-
ceived no consideration, } having lent
his name Or credit for the benefit of
the holder, is not bound to the person
Accommodated, but is bound to all
other parties, precisely as il there was
good consideration.
No consideration is sufficient in law
il it be illegal in its nature.
Checks or drafts must be presented
for payment without unreasonable
delay.
Notes bear interest only when so
stated.
A note made on Sunday is void
also one dated ahead of its issue. 1t
may be dated back at pleasure.
If note is lost or stolen it does
not release the maker; he must pay
it if the consideration for which it
was given and the amount can be
proven.
A note obtained by fraud or from
person in state of intoxication
| cannot be collected.
A note by minor is void in some
States, and in others it is voidable on
judicial decision.
Joint payees on bill or note who
are not partners, must all join in an
| Endorsement.
One may make note payable to
his order. and indorse it in blank.
He must write his name across the
face or back the same as any other in.
dorser.
After the death of a holder of a
bill or note, his executor or admins
traitor may transfer it by his indorse-
ment.
The husband who acquires a right
to bill or note which was given to
the wife, either before or after mar.
riage, may indorse it.
II the letter containing protest
of non-payment be put into the post.
Office, 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 note may give no
tice OF protest either to all the pre-
viOus indorsers, or only to one o
them; in case of the latter, he mus
select the last indorser, and the las
must give notice to the last befor,
him, and so on. Each indorser mus
send notice the same day or day fol
lowing. Neither Sunday nor lega
holiday is to be counted in reckoning
the time in which notice is to b.
given.
If two or more persons as partie
jointly liable on a note or bill, du
notice to one of them is sufficient.
An indorser may prevent his owl
liability to be sued by writing with
out recourse" or similar words.
The loss of note is not sutficien
excuse for not giving notice of pro
test.
An indOrsee has right of action
against all whose names were on tn
bill when he received it.
acceptance" applies to bills ant
| nf fn IL.
on the part of the person on whom
the bill is drawn to pay it according
to its tenor. The usual way is t
: write across the face of the bill tn
word accepted giving date of &C
: ceptance.
, HOW TO KEEP AWAY WRINKLE:
/