Part 51 (1/2)

--4. How far is a princ.i.p.al bound by the acts of a general agent? What is a general agent?

--5. How far is an agent bound to his princ.i.p.al? In what case may he depart from his instructions?

--6. By what rule is he to be governed?

--7. What degree of diligence and skill must he exercise? What is ordinary diligence? Reasonable skill?

--8. In what cases is an agent responsible to the person with whom he deals? In what case is a princ.i.p.al liable for goods bought by an agent in his own name?

--9. What is a broker? His ordinary business? In what does he differ from a factor?

--10. What is a lien? For whose benefit is the right intended? How their right restricted?

Chapter LIX.

--1. Define partners.h.i.+p?

--2. In what cases does the act of one partner bind all, and in what does it not?

--3. What cases of a.s.sociation are here mentioned that are not partners.h.i.+ps?

--4. How are they to sue and be sued?

--5. What cannot a partner do without the consent of all? What may dissolve a partners.h.i.+p at any time? --

--6. Why should notice of dissolution be published when any partner withdraws? How else may he become liable?

--7. How are limited partners.h.i.+ps formed?

--8. For what amount are the special partners liable? Whose names are used For what are the general partners liable? If the partners.h.i.+p is to be dissolved by the act of the parties, what is to be done?

Chapter LX.

--1. What is a promissory note? Give a form.

--2. What is the effect of inserting ”or bearer,” or, ”or order”? If payable to order, how is it made negotiable? Why is a note called negotiable? If not negotiable, how is it to be sued?

--3. What is a blank indors.e.m.e.nt? A full indors.e.m.e.nt? What is sometimes done in case of a blank indors.e.m.e.nt?

--4. Show, by example, the benefit of making a note payable to order instead of to bearer.

--5. Why are the words ”value received” inserted? Is a note without these words collectable?

--6. In what different ways may notes signed by two or more persons be written, to be joint, or joint or several?

--7. By Whom may a negotiable note be sued? In what case can a holder of a note recover upon it, though he received it of a person who had stolen it?