DIVISION V. 



MISCELLANEOUS INFORMATION. 



CHAPTER I. 



COMMERCIAL FORMS AND USEFUL TABLES. 



Law Points for Farmers. If a 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 account can be proven. 



Notes bear interest only when so stated. 



Principals are responsible for the acts of their agents. 



Each individual in partnership is responsible for the whole amount of debt 

 of the firm, except in cases of special partnership. 



Ignorance of the law excuses no one. 



The law compels no one to do impossibilities. 



An agreement without consideration is void ; a note made on Sunday is 

 void ; contracts made on Sunday cannot be enforced. 



A note made by a minor is void ; contracts made with a minor are void ; a 

 contract made with a lunatic is void. 



A note obtained by fraud, or from a person in a state of intoxication, can- 

 not be collected. 



It is fraud to conceal a fraud. 



Signatures made with a pencil are good in law. 



A receipt of money is not always conclusive. 



" Value received " is usually written in a note, and should be, but it is not 

 necessary. If not written, it is presumed by the law, or may be supplied by 

 proof. 



The maker of an " accommodation " bill or note one for which he has 

 received no consideration, having lent his name or credit for the accommoda- 

 tion of the holder is bound to all other parties precisely as if there was a 

 good consideration. 



No consideration is sufficient in law, if it be illegal in its nature. 



If the drawer of a check or draft has changed his residence, the holder must 

 use all reasonable diligence to find him. 



If one holding a check, as payee or otherwise, transfers it to another, he 

 has a right to insist that the check be presented that day, or the next day 

 following. 



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