mediately protested, and notice sent to all the endorsers on the bill; otherwise the endorsers will not be liable. Three days of grace, as they are called, are allowed on bills of exchange that are not drawn payable at sight; that is, they are not due until the third day after the time mentioned in the bill. If the third day happens to fall on Sunday, they are then due the day before, that is, on Saturday. A bill drawn at sight is payable on presentation: at least it is advisable to protest it first for non-payment, and then demand acceptance; and if acceptance is refused, protest it also for non-acceptance. A person becoming surety for a note or bill of exchange, should be notified of its non-payment in the same manner as an endorser. A check ought to be presented for payment within twenty-four hours of the time of receiving it. If the drawer of a check payable on demand have no funds in the bank at the time it is drawn, it is a fraud. The holder of a check is not obliged to accept part payment thereof, although tendered by the bank: he has a right to have the whole, and may decline any less sum. If the drawee of a bill or maker of a note be out of the state or at sea, the same must be presented at his usual place of business, or at his place of residence, unless some other place is specified therein. Any material alteration of a bill of exchange, drafts, &c.such as an alteration in the date, in the amount, or the time of payment-discharges all the parties thereto who do not assent to the making of the alteration. See "PROMISSORY NOTES," &c. No. 35.-Set of Foreign Bills of Exchange. New York, October 10th, 1850. No. 100. Erchs for £1000m L Ten Days after sight of this First of Exchange (second and third unpaid), pay to the order of John Doe, One Thousand Pounds sterling, value received, and charge the same without further No. 35.-Set of Foreign Bills of Exchange. New York, October 10th, 1850. No. 100. Ten Days after sight of this Second of No. 35.-Set of Foreign Bills of Exchange. New York, October 10th, 1850. No. 100. Erths for £ 1000 Ten Days after sight of this Third of Exchange (first and second unpaid), pay to the order of John Doe, One Thousand Pounds sterling, value received, and charge the same without further No. 36.-Ordinary Bill of Exchange or Draft at a certain Time after Sight. $250:: New Orleans, Sept. 12, 1850. Ten Days after sight,* pay to the order of John Jones, Two Hundred and Fifty Dollars, Value received, and charge the same to account of To Richard Roe, Detroit, Yours, &c., John Doe, New Orleans, La. No. 37.-Bill or Draft at a certain Time after Date. о $110. 25 Chicago, July 10th, 1850. Twenty Days after date, pay to the order of James Smith, One Hundred and Tenth Dollars, Value received, and charge the same to account of To Richard Roe, Buffalo, New York. Yours, &c., Chicago, Ill. No. 38.-Check or Draft on a Bank. No. 50. New York, May 14, 1850. Cashier of the PRINTERS' BANK, Pay to C. C. Savage, Four Hundred and Twenty $420:: or Bearer Dollars H. Phelps. For a bill payable at sight, instead of the words, "ten days after sight," insert "at sight." A check made payable to order must be endorsed before used. |