A Selection of Cases On the Law of Bills And Notes And Other Negotiable Paper : With Full References And Citations, And Also An Index And Summary of the Cases
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1077. < 7 Mod, 118 ' To the amount of more than £100 at any one time or meeting. « 8 Stra. 1249. ' 2 Burr. 1077. » Cartli. 356 416 LOWE AUD OTHEES V. WALLER. [CHAP. IV. letter ; for what usurer is so unskilful in his trade as to suffer the usury to appear on the face of the security ? And how easy will it be for the lender to pay away bills on which he himself could not recover, either bona Jide, to persons to whom he is indebted, or colorably, to some secret partner in the business, but whose knowledge of the usury cannot be traced ? It is said it will be dangerous to trade, if third persons cannot recover. But this supposes that usurious con- tracts are very universal ; and, if they are, it is highly proper they should receive a check of this sort. Besides, what greater risk will there be than is run every day, when notes or bills are taken from women who may be under coverture, or from young persons who may be minors, unknown to the persons taking such notes or bills? If Harris & Stratton are solvent, the plaintiffs will not suffer ; and it is the business of indorsees to satisfy themselves with respect to the solvency of the indorser.
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To quickly assess the difficulty of the text, read a short excerpt:
1077. < 7 Mod, 118 ' To the amount of more than £100 at any one time or meeting. « 8 Stra. 1249. ' 2 Burr. 1077. » Cartli. 356 416 LOWE AUD OTHEES V. WALLER. [CHAP. IV. letter ; for what usurer is so unskilful in his trade as to suffer the usury to appear on the face of the security ? And how easy will it be for the lender to pay away bills on which he himself could not recover, either bona Jide, to persons to whom he is indebted, or colorably, to some secret partner in the business, but whose knowledge of the usury cannot be traced ? It is said it will be dangerous to trade, if third persons cannot recover. But this supposes that usurious con- tracts are very universal ; and, if they are, it is highly proper they should receive a check of this sort. Besides, what greater risk will there be than is run every day, when notes or bills are taken from women who may be under coverture, or from young persons who may be minors, unknown to the persons taking such notes or bills? If Harris & Stratton are solvent, the plaintiffs will not suffer ; and it is the business of indorsees to satisfy themselves with respect to the solvency of the indorser.
What to read after A Selection of Cases On the Law of Bills And Notes And Other Negotiable Paper : With Full References And Citations, And Also An Index And Summary of the Cases?
You can find similar books in the "Read Also" column, or choose other free books by James Barr Ames to read online
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