316 RULES OF BUSINESS 



greater amount of oxygen will there be and the greater 

 number of fish can be kept in it. The fewer fish, and 

 the more space there is in the aquarium, the better will 

 the fish prosper. An aquarium should be kept clean 

 and free from slimy deposits. The water should be 

 changed frequently enough to keep it pure. 



RULES OF BUSINESS 



There are a few rules or guides for good business that 

 can be safely followed at all times. It is always best, 

 however, to ask advice of your banker or a lawyer of 

 experience relative to financial matters that may cause 

 a loss. 



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 amount can be proved. 



Notes bear interest only when so stated. 



Principals are responsible for the acts of their agents. 



Each individual in a partnership is responsible for the 

 whole amount of the debts of the firm, except in cases 

 of a special partnership. The word "limited" in con- 

 nection with a firm name indicates that a limitation of 

 responsibility for each member is fixed. 



Ignorance of the law excuses no one. 



An agreement without consideration of value is void. 



A note made on a Sunday is void, also one dated ahead 

 of its issue. It may be dated back at pleasure. 



Contracts made on Sunday cannot be enforced. 



A note by a minor is void in some states, and in others 

 it is voidable on judicial decision. 



A contract made with a minor or a lunatic is void. 



A note obtained by fraud or from a person in a state 

 of intoxication cannot be collected. 



It is a fraud to conceal a fraud. 



Signatures made with a lead pencil are good in law. 



The acts of one partner binds the rest. 





