Ignorance of the law excuses no one. 



Money receipt not always conclusive. 



The acts of one partner bind all the rest. 



A contract made with a minor is void in law. 



The law compels no one to do impossibilities. 



Notes bear interest only when so stated on 

 them. 



Signatures made with a lead pencil are good 

 in law. 



Contracts that are made on Sunday cannot be 

 enforced. 



Principals can be held responsible for the acts 

 of their agents. 



No consideration is sufficient in law if it be 

 illegal in its nature. 



If the time of payment of a note is not inserted 

 it is held payable on demand. 



A note obtained by fraud, or from an intoxi- 

 cated person, cannot be collected. 



Each individual in a partnership is responsi- 

 ble for the whole amount of the debts of the 

 firm, except in cases of special partnership. 



If a note is lost or stolen it does not release 

 the maker ; if the consideration for which it was 

 given and the amount can be proven, he must 

 pay it. 



Value received is usually written in a note, 

 and it should be, but is not necessary. If it is 

 not written it is presumed by the law, or may 

 be supplied by proof. 



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