A Practical Summary of the Law and Usage of Bills of Exchange and Promissory Notes: Together with a Series of Tables, Showing when Bills, Notes and Drafts, Drawn Or Accepted at Any Date, Will Fall Due : to which are Added Rates of Commisson and Storage, Equation of Payments, and General Information Connected with the Business of the Counting-house

Εξώφυλλο
Perkins & Marvin, 1837 - 128 σελίδες
 

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Δημοφιλή αποσπάσματα

Σελίδα 126 - ... the portions forborne is equal to the discount receivable upon the portions anticipated ; in other words, we have discovered the equation of payment. For this purpose men of business use the following general RULE. Multiply the amount of each debt by the time it has to run till it becomes due, and divide the sum of the products by the amount of the debt ; the quotient is the average or equated time of payment. Thus the equated time of payment in the preceding example is ascertained as follows...
Σελίδα 26 - The consequence of not duly presenting a bill or note is that all the antecedent parties are discharged from their liability, whether on the instrument or on the consideration for which it was given. The acceptor or maker, however, still continues liable.
Σελίδα 15 - ... that it be for the payment of money only, and not for the payment of money and the performance of some other act...
Σελίδα 15 - It is assignable to a third person not named in the bill, or party to the contract, so as to vest in the assignee a right of action in his own name; contrary to the general rule of law, that choses in action are not so assignable.
Σελίδα 1 - Multiply the amount of the smaller side by the number of days between the two average dates, and divide the product by the balance of the account. The quotient will be the time...
Σελίδα 21 - ... without such knowledge at the time, no subsequently acquired knowledge of the misconduct of the partner in giving such security can disaffirm the act.
Σελίδα 12 - Sixty days after sight of this first of exchange (second and third unpaid), pay to the order of ourselves £1,600 sterling value received, and charge the same to account of as advised. "Dana Land and Lumber Company. "To Messrs. Geo. Shadbolt & Son, London.
Σελίδα 120 - That the articles, the bulk of which shall compose a ton, to equal a ton of heavy materials, shall be in weight as follows: 1568 Ibs.
Σελίδα 17 - The three days of grace apply equally to bills payable at sight, or at a certain time ; but a bill or note payable on demand, or where no time of payment is expressed, is payable immediately on presentment, and is not entitled to the days of grace. A bill payable at so many days...
Σελίδα 117 - The risk of loss by fire, unless insurance be ordered, and of robbery, theft, and other unavoidable occurrences, if the usual care be taken to secure the property, is in all cases to be borne by the proprietor of the goods. When bills are remitted for collection, and are returned under protest, for non-acceptance or non-payment, the same commission to be charged as though they were duly honored. On consignments of merchandise, withdrawn or reshipped, full commission to be charged to the extent of...

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