A FEW "POINTERS " FOR BUSINESS MEN.

Tuapeka Times, Volume XVIII, Issue 1122, 25 February 1885, Page 3

A FEW " POINTERS " FOR BUSINESS MEN.

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 proveu. [■ Notes bear interest only when so stated. Each individual in a partnership is responsible fjr the whole amount of the djebts of the firm only in cases of special partnership. ' Ignorance of the law excuses no one. The law compe's no one to impossibilities. An agreement without consideration is void. A note made on Sunday is void. Contract's made on Sunday cannot be enforced. A note of a minor is void. A contract made with a minor is void. A contract made with 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. , A receipt for money ia not always conclusive. The act of one partner binds all the rest. "Value received" is usually written in a note, and should, be, but is not necessary. An oral agreement must be proved by ev ; dence. A written agreemeut proves itself. The law prefers written to oral evidence because of its prebision. No consideration is sufficient in law if it be illegal in its nature. The time of payment of a note must not depend upon a contingency. The promise must be absolute. A bill may be written upon any paper, or substitute fur it, either with ink or p 'noil. An endorsee 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 miscarrage does not affect the party giving notice.