Everyday Law: A Plain Statement of the Elementary Principles of Law Governing Ordinary Business Transactions |
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Common terms and phrases
acceptance agent agreed agreement amount appointed articles of association authority bailment bank beneficiary bill of exchange bill of lading bonds buyer by-laws called charge common carrier condition consent constitute contract corporation court creditors damages death debt debtor deceased directors dividend dower drawee duty entitled example executed exemption fraud give given holder homestead husband implied indorsement infant injury insured intent interest issued John Smith land landlord lease letters testamentary liable Librarian of Congress lien loss marriage ment mortgage mortgagor necessary negotiable instrument notary public notice nuisance owner paid partner partnership party patent payee payment performed personal property preferred stock premises premium promissory note proper real estate reasonable rent rule secure sell seller sold Sometimes specified statute stockholders tenant tion transaction transfer trust unless usually usury valid void wife writing
Popular passages
Page 114 - Interest is the compensation allowed by law or fixed by the parties for the use, or forbearance, or detention of money.
Page 100 - Provided always, that this insurance shall not extend to hernia, nor to any bodily injury of which there shall be no external and visible sign...
Page 150 - That no contract for the sale of any goods, wares, and merchandise, for the price of ten pounds sterling or upwards, shall be allowed to be good, except the buyer shall accept part of the goods so sold, and actually receive the same, or give something in earnest to bind the bargain, or in part payment...
Page 128 - Act is an unconditional promise in writing made by one person to another signed by the maker engaging to pay on demand, or at a fixed or determinable future time, a sum certain in money to order or to bearer.
Page 125 - Presentment for payment is not necessary in order to charge the person primarily liable on the instrument ; but if the instrument is, by its terms, payable at a special place, and he is able and willing to pay it there at maturity, such ability and willingness are equivalent to a tender of payment upon his part.
Page 126 - Where the instrument is payable at a fixed period after date, after sight, or after the happening of a specified event, the time of payment is determined by excluding the day from which the time is to begin to run, and by including the date of payment.
Page 124 - That it is complete and regular upon its face. (2) That he became the holder of it before it was overdue, and without notice that it had been previously dishonored, if such was the fact.
Page 120 - On or at a fixed period after the occurrence of a specified event, which is certain to happen, though the time of happening be uncertain. An instrument payable upon a contingency is not negotiable, and the happening of the event does not cure the defect.
Page 129 - A check of itself does not operate as an assignment of any part of the funds to the credit of the drawer with the bank, and the bank is not liable to the holder, unless and until it accepts or certifies the check.
Page 95 - ... if any change other than by the death of an insured, take place in the interest, title or possession of the subject of insurance (except change of occupants without increase of hazard) whether by legal process or judgment or by voluntary act of the insured, or otherwise...