VALUABLE INFORMATION 
FOR BUSINESS MEN. 
DEMAND Notes are payable on presentation, without 
grace, and bear legal interest after a demand has been made, 
if not so written. An endorser on a demand note is holden 
only for a limited time, variable in different States. 
A NEGOTIABLE Note must be made payable either to 
bearer, or be properly endorsed by the person to whose 
order it is made. If the endorser wishes to avoid responsi¬ 
bility, he can endorse “ without recourse.” 
A JOINT Note is one signed by two or more persons, 
who can each become liable for the whole amount. 
Three Days’ Grace is allowed on all time notes, 
after the time for payment expires; if not then paid, the 
endorser, if any, should be legally notified, to be holden. 
Notes Falling Due Sunday, or on a legal holiday, 
must be paid the day previous. 
Altering A Note in any manner, by the holder, makes 
it void. 
Notes Given by Minors are void. 
The Maker of a note that is lost or stolen is not 
released from payment if the amount and consideration can 
be proven. 
Notes Obtained by Fraud, or given by intoxicated 
persons, cannot be collected. 
AN ENDORSER has a right of action against all whose 
names were previously on a note endorsed by him. 
A Bill of Exchange or Draft is an order drawn by 
one person or firm upon another, payable either at sight or 
at a stated future time. 
A note dated on Sunday is void. An endorser of a note 
is exempt from liability if not served with notice of its 
dishonor within 24 hours of its non-payment. Notes bear 
interest only when so stated. Principals are responsible tor 
their agents. Each individual in partnership is responsible 
for the whole amount of the debts of the firm. Ignorance 
of the law excuses no one. It is a fraud to conceal a fraud. 
It is illegal to compound a felony. The law compels ho one 
to do impossibilities. An agreement without a consideration 
is void. Signatures in lead pencil are good in law. A re¬ 
ceipt for money is not legally conclusive. The acts of one 
partner bind all the others. Contracts made on Sunday can¬ 
not be enforced. A contract with a minor is void. A contract 
j made with a lunatic is void. Written contracts concerning 
i land must be under seal. 
Deposits OF Money in a bank placed to the credit of 
depositors are always subject to their check for full amount -| 
due. i 
