TBCB 



BUSINESS MAN'S AND FARMER'S 



LAWYER, 



OR, LEGAL AND COMMERCIAL INSTRUCTOR. 



CONDENSED FROM THE OPINIONS OP JUDGE STORY, 



JUDGE KENT, AND OTHERS, OF THE HIGHEST 



AUTHORITY IN THE LEGAL PROFESSION. 



A BILL OP EXCHANGE 



Is an Open letter of request, addressed by one person to 

 a second, desiring him to pay a sum of money to a third, 

 or to any other to whom a third person shall order it to 

 be p^id ; or it may be payable to bearer. 



The one who draws the bill is called the drawer ; the 

 one to whom directed, the drawee ; the one to whom 

 payable, the payee. When the drawee accepts the bill, 

 he is called the acceptor ; and if the payee (ihe bill being 

 negotiable,) should endorse it, and deliver it to another, 

 he then sustains two characters, being called endorser as 

 well as payee, wKile the party to whom the bill is «n- 

 dorsed, is called an endorsee ; and should this endorsee 



