BUSINESS LAW.
Ignorance of the law excuses no one. It is a fraud to conceal a fraud. The law compels no one to do impossibilities. An agreement without consideration is void. Signatures made with a lead pencil are good in law. A receipt for money paid is not legally conclusive. The acts of one partner bind all the others. Contracts made on Sunday cannot be enforced. A contract made with a minor is void. A contract made with a lunatic is void. Principals are responsible for the acts of their agents.
Agents are responsible to their principals for errors. Each individual in a partnership is responsible for the whole amount of the debts of the firm. A note given by a minor is void. Notes bear interest only when so stated. It is legally necessary to say on a note "for value received." A note drawn on Sunday is void. A note obtained by fraud, or from a person in a state of intoxication, cannot be collected. If a note be lost or stolen, it does not release the maker; he must pay it. An endorser of a note is exempt from liability if not served with notice of its dishonor within twenty-four hours of its non-payment.
ITEMS WORTH REMEMBERING.
A sun bath is of more worth than much warming by the fire.
Books exposed to the atmosphere keep in better condition than if confined in a book-case. Pictures are both for use and ornament. They serve to recall pleasant memories and scenes; they harmonize with the furnishing of the rooms. If they serve neither of these purposes they are worse than useless; they only help fill space which would look better empty, or gather dust and make work to keep them clean.
A room filled with quantities of trifling ornaments has the look of a bazaar and displays neither good taste nor good sense. Artistic excellence aims to have all the furnishings of a high order of workmanship combined with simplicity, while good sense understands the folly of dusting a lot of rubbish.
A poor book had best be burned to give place to a better, or even to an empty shelf, for the fire destroys its poison, and puts it out of the way of doing harm.
Better economize in the purchasing of furniture or carpets than scrimp in buying good books or papers.