THE LAW OF FINDING* 
The law of finding is this: The finder has a clear title against the 
whole world except the owner. The proprietor of a hotel or a shop may 
make regulations in regard to lost property which will bind employees, 
but cannot bind the public. The police have no special rights in regard 
to articles lost, unless those rights are conferred by statute. Receivers of 
articles found are trustees for the owner or finder. They have no power 
in the absence of special statute to keep an article against the finder, any 
more than the finder has to retain an article against the owner. 
BUSINESS LAWS* 
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 proven. 
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 connection 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 decison. 
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 bind the rest. 
“Value received” is usually written in a note, and should be, but it 
is not necessary. If not written it is presumed by the law or may be 
supplied by proof. 
The maker of an “accommodation” bill or note (one for which he 
had received no consideration), having lent his name or credit for the 
benefit of the holder, is not bound to the person accommodated, but is 
bound to all other parties, precisely as if there was a good consideration. 
No consideration is sufficient in law if it be illegal in its nature. 
Checks or drafts must be presented for payment without unreasonable 
delay. 
An indorsee has a right of action against all whose names were on 
the bill when he received it. 
If the letter containing a protest of nonpayment be put into the post- 
office, any miscarriage does not affect the party giving notice. 
Notes of protest may be sent either to the place of business or resi¬ 
dence of the party notified. 
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