THE

LAWS OF BUSINESS

FOR

BUSINESS MEN,

IN ALL THE STATES OF THE UNION.

WITH

FORMS FOR MERCANTILE.INSTRUMENTS, DEEDS,
LEASES WILLS, &c."

MINNESOTA

BY THEOPHILUS PARSONS, LL.D.

PROFESSOR OF LAW IN THE UNIVERSITY AT CAMBRIDGE.

COMPILED BY THE AUTHOR PRINCIPALLY FROM HIS TREATISES ON THE LAWS OF
CONTRACTS, AND ON THE ELEMENTS OF COMMERCIAL LAW.

BOSTON:

LITTLE, BROWN, AND COMPANY.

1869.

Entered according to Act of Congress, in the year 1857, by

THEOPHILUS PARSONS,

in the Clerk's Office of the District Court of the District of Massachusetts.

OF THE PARTIES 70 MERCANTILE CONTRACTS.

SECT. 1. Who may be Parties to Mercantile Contracts

5.

What Evidence may be received in reference to a Written

6.

32

34

38

39

42

42

43

Of the Rights of one who is a Stranger to the Consideration 46

7. Of the Consideration arising from Discharging the Debt of

another

46

3.

4.

Of an Agreement not to be performed within a Year

Of the Acceptance of a. Thing sold····

79

80

81

5. Of the Forn and Subject-matter of the Agreement

CHAPTER

OF PAYMENT.

SECT. 1. How Payment may be made

2. Of Appropriation of Payment**

CHAPTER XI.

83

84

OF NEGOTIABLE PAPER; OR NOTES OF HAND AND BILLS OF EXCHANGE.

SECT. 1. Of the Purpose of, and Parties to, Bills and Notes

86

2. What is essential to a Negotiable Note or Bill.

89

3.

Of the Consideration of Negotiable Paper

4.

Of the Rights and Duties of the Maker

100

5.

Of the Rights and Duties of the Holder of Negotiable Paper 101