NOTES OF HAND AND BILLS OF EXCHANGE - Continued. the maker of a note and the acceptor of a bill are bound to pay it the peculiar characteristics of negotiable paper begin to operate where negotiable paper is transferred after its dishonor, 494. this presentment should be made without delay, 495. it should be made during business hours, 495. what business hours are in this country, 495. excuses for non-presentment, 496. to whom and in what way a bill should be presented, 496. what these rules are, stated, 496. when and how the demand should be made, 497. bankruptcy of the payer is no excuse for non-demand, 497. impossibility of presenting a bill or note for payment will excuse negotiable paper, payable at a time certain, is entitled to grace, how the days of grace are computed, 498. if a note is payable in one or more months, this means calendar how the maturity of a note is computed, 498. bills and notes on demand should be presented for payment within the holder of a check should present it at once, 499. demand of payment should be made at the residence or place of if a payer has changed his residence he should be sought for with where a bill or note is not presented for payment at the time, to the of protest and notice, 500. when protest is required by law, 500. when, where, in what manner, and by whom protest should be NOTES OF HAND AND BILLS OF EXCHANGE― Continued. a notice may be sent by a private messenger, under certain con- the notice should be sent either to the place of business or to the it may be sent wherever a party directs such a notice to be sent, 501. notice should be given only to a party to an instrument who is liable it must be given to every antecedent party who is to be held, 502. how to be given when the party to be notified is dead, 503. one transferring by delivery without indorsement paper payable to a guarantor is entitled only to such notice as shall protect him from the right to notice may be waived by any agreement to that different forms of waiver, notice, demand, and protest, and their how the want of notice may be cured afterwards, 504. the rights and duties of the indorser, 504. who are meant in the law-merchant by indorsers, 504. the payee of negotiable paper may indorse it, and afterwards any what an indorser does by his indorsement, 504. what these are, and the effect of each, 505. of special indorsement, how made, and its effect, 505. negotiable paper, transferable by delivery, is the property of who- what other instruments this rule has been extended to, 505. hence, if such an instrument passes for value to an innocent holder, the transfer by indorsement may be written on the face of the in- joint payees who are not partners must join in an indorsement, 506. every indorsement and acceptance admit conclusively the genuine- NOTES OF HAND AND BILLS OF EXCHANGE-Continued. where a note or bill is payable to the maker's own order, and indorsed where negotiable paper is transferred by delivery without indorse- an indorsement may be made on the paper before the bill or note is how indorsement may be made when the payee is dead, 507. if there be two firms, to both of which a person belongs, neither how the difficulty may be cured by indorsement, 507. the rights and duties of the acceptor of a bill of exchange, 507. an acceptance after maturity is an acceptance to pay on demand, a bill can be accepted only by the drawee, or by some one who acceptance or payment for honor, the meaning and effect of this, the reason why it is done, 509. where a note includes in it a confession of judgment, 509. the same note may waive the benefit of all exemption laws, 509. the same note may include also a power of attorney, 509. forms of such notes, 510-512. NOTICE, in the law of negotiable paper, the law of, 500. how the right to notice may be waived, and the effect of waiver, NOTICE BY CARRIER. (See CARRIAGE OF GOODS AND PASSEN- GERS.) 0. OHIO, boundaries, extent, constitution, history, and condition of, 131. abstract of the statute laws of husband and wife, and of homestead, ORDINANCE, for the government of the United States north-west of OREGON, boundaries, extent, constitution, history, and condition of, 152. the law of suffrage by the constitution of, 195. abstract of the statute law of husband and wife, and of home- ORIGINAL PROMISE, how it differs from a collateral promise, 463. P. PAINS AND PENALTIES, bill of, similar to a bill of attainder, 182. (See MONEY.) PARTNERSHIP, the law of, 532–537. how a partnership may be formed, 532. partners may agree as to any way of dividing the losses, but the each partner is responsible to every creditor of the partnership for when persons who are not partners as between themselves are lia- a secret partner, who he is, and law concerning, 533. participation in the profits generally makes one a partner, 534. a clerk or salesman may receive a share of the profits instead of a partnership usually has but one business name, but may have how a partnership may be dissolved, 531. if the articles do not provide that the parties should continue for the assignment by a partner of his whole interest in the partner- the assignee acquires no right to become a member of the firm, 535. if the whole interest of the partner is sold on execution, this makes if one partner retires, this operates in law a dissolution, 535. how the partner retiring should give notice thereof, 536. of the property of the partnership, 536. the law concerning real estate, held by a partnership, 536. the authority of each partner and the joint liability of each part- each partner is an agent of the whole partnership with full power 537. a partner cannot bind the firm by transactions which do not belong how far a partner may bind his copartners by an instrument under PARTNERSHIP- Continued. a partnership has no seal at law, 538. how far a majority of a firm can bind a minority, 538. where the name of one partner is used as the name of the firm, 538. be bound by his advice, 538. the reception of a new partner constitutes a new firm, although how notices should be given to bind all the partners, 539. when money lent to a partner for partnership purposes constitutes when credit is given to one only of the partners, 539. the firm liable only to one who deals with the partner in good when one who deals with a partner knows that the partner is using how far a firm may be bound for the criminal acts of a partner, 540. rights of creditors in respect to partnership or private funds, 542. how the interest of one partner in the partnership funds may be dissolution of partnership, how caused, and effect of, 544. when a dissolution is caused by the death of a partner, the rights, when a dissolution is caused by mutual consent, and provision limited partnership, what it is, and how made, 545. general partners in a limited partnership, rights and responsibilities, special partners in a limited partnership, rights and responsibilities, advertisement of a limited partnership always made, 515. how such an advertisement should be drawn, and exact accuracy forms of articles of copartnership, 546–550. PASSENGERS. (See CARRIAGE OF GOODS AND PASSENGERS.) how payment may be made, 466. generally by payment of money, but may be by bill or note, or other- |