ti^GAL, DBPARTMBNT. 573 



Receipts. It is always best to take a receipt for moneys paid or 

 goods delivered, and while a receipt is not always evidence of payment, 

 yet it throws the burden of proof upon the one who tries to deny its 

 truth. 



Receipt for Money Paid on Account. 



$50.00. Albany, N. Y., Feb. 12, 1896. 



Received of George W. Witbeck, Fifty Dollars ($50), on account. 



GARDNER MOREY. 



Receipt in Full, 



$300.00. Albany, N. Y., Feb. 12, 1896. 



Received of Charles Hart, Three Hundred Dollars, in full for all 

 demands to date. 



HENRY MURPHY. 



I/aw Concerning- Notes. 



1 . A signature written with a lead pencil is valid. 



2. A note lost or destroyed can be collected upon sufficient proof. 



3. If no time of payment is mentioned in a note, the note is payable 

 on demand. 



A note is not transferrable if the words "or order" or "or bearer" do 

 not appear on the face. 



HOW TO DO BANKING BUSINESS. 



Deposit Your Money. It is unsafe to keep money about the per- 

 son or house, on account of the liability of losing it from the pocket. The 

 house might take fire and destroy the money before it could be removed; 

 or the money may be stolen by thieves or robbers. It is therefore best 

 to deposit it in some safe bank that is near by. The money can then be 

 drawn out by checks made payable to the order of the person to whom 

 the money is to be paid, and as that person has to put his name on the 

 back of the check, it is good evidence that the money has been received. 



Pay Bills by Checks. It is a good practice to pay all bills by 

 checks because : 



1. The amount paid is always specified in the check. 



2. The party receiving the check can not claim that the money has 



no/-, been paid. 



3. The check coming back through the bank, endorsed, is evidence 



