Press enter after choosing selection

Business Law In Dally Use

Business Law In Dally Use image
Parent Issue
Day
29
Month
July
Year
1881
Copyright
Public Domain
OCR Text

l'lic follouiiijr oompllation of bD Uw contains tbi imouni oí legal vci iii.i . truini ca oonossJ ¦ framl. A note made oa Bunday i rotd. A BOt made by a minor is voul. Igaoranoe of the law excuses no nne. A contrael miulu willi a mino A contract made. witli i lunatic vokl. Notesbear Interes) only when so staU'd. The ncts of one partner bind all tlii Au agrceroent without consideratie! is VOkl. Contracta made on Sumlay cannot be enforced. llewiUm peii-il are gooi! in luw. A receipl tr mnjr snot alwmjn cluThe law oompeli do on to do lm] bilil l'ii rcSponsible for the a Uien No ion liiuflicient in law f i lie ilk'jral in its nature. The payee attouki bu UUtinctly nautuil ii tlic mili-, u il is pa able to bearer. A blll iu;n In; u ritten upn any pape orsubstitute fot t. eiUier tii ink nr pen dl. A note obtalned by fraud.orfroin .1 icr ¦on n ¦ Mat Ol intoxication, rannot b collccled. Anendonee basa rljjhl ofactlon amaina all wluise ncrc OU liill when h reoeh ¦ Noliccol protest inay lc sont eltlier t tbe placr ol lni-iiir.ss ai "I ,l tli imrly noli: The time of payment of a note maal no depend lipón a coiitinency. The proinimiiM bc iMolute. lltlie drauer of a (heek or draft ha ohanged hii retideooe, thehoWer must uc due reasonable diligence to flnd hlm. Il tbe letter oontalnfog a protest of non payment bepot hito the uim ciAst, an ralsc uot party giTinj cotice. A i,' enUoi (Ifllvc bean li individual n :i partnership II iponsible for tbe hole amouut of tin debta of the limi. ezcept II pecla pai uientilp, It i or irtolen, it does Bol re mnsl pay it if tin ilderatfon for wbleb it was priven and tlu amouut e. in bc proven. "Yuhie received" ia u.-uall.y wriiten In ; note, and should be, bul i-. nol neccMary [fnotwrttten it - preaomed by the la nl'lil'H be Mlppiied liyptdot. An oral agreemenl nnist be proveil by evidence. A ritten agTeenient prove itself. Tbe law prefers w ritten to orul evidenee beeaiiae ol its precisión. or draits should hr presentei duriiii.' lionrs. luit in tliis country excepl In the cmb ol banks, the time exthrOUgh tbe day and cveninj;. No evidence inay be prodneed to contra dlct or vai y a ritten contrae) : hut il DOS) be receWec in order to ezplain it. whei tbe contract I In new] ol exunlnatlon. Ifone wbo holds a check as pajee otheru se, transfers it to another, nd lias i riühl U liuist tbill the eheek be ]in - that day, or at laithe-l, the day (ullowillg The maker of an "aecomodatioB" biUoi note (one lor w bieb he bus received ooconitlon, baving lent his name (pI credi lor ihe accommodation of the liolder Is bouudtoall othcr partiea, precUely as t theru was a good consideration,

Article

Subjects
Ann Arbor Courier
Old News