THE

LAW OF CONTRACTS.

BY

THEOPHILUS PARSONS, LL.D.,

AUTHOR OF TREATISES ON THE ELEMENTS OF MERCANTILE LAW, ON THE LAW OF
SHIPPING AND ADMIRALTY, ON MARINE INSURANCE, ON PARTNERSHIP,

ON NOTES AND BILLS, AND ON THE LAWS OF

BUSINESS AND BUSINESS MEN.

VOLUME II.

EIGHTH EDITION,

EDITED BY

SAMUEL WILLISTON.

BOSTON:

LITTLE, BROWN, AND COMPANY.

1893.

iability.

Entered according to Act of Congress, in the year 1853, by

THEOPHILUS PARSONS,

In the Clerk's Office of the District Court of the District of Massachusetts. Copyright renewed 1881, by THEOPHILUS PARSONS.

Entered according to Act of Congress, in the year 1855, by
THEOPHILUS PARSONS,

In the Clerk's Office of the District Court of the District of Massachusetts.
Copyright renewed 1883, by CATHARINE A. PARSONS.

Entered according to Act of Congress, in the year 1857, by
THEOPHILUS PARSONS,

In the Clerk's Office of the District Court of the District of Massachusetts.

Entered according to Act of Congress, in the year 1860, by
THEOPHILUS PARSONS,

In the Clerk's Office of the District Court of the District of Massachusetts.

Entered according to Act of Congress, in the year 1864, by
THEOPHILUS PARSONS,

In the Clerk's Office of the District Court of the District of Massachusetts.

Entered according to Act of Congress, in the year 1873, by
THEOPHILUS PARSONS,

In the Office of the Librarian of Congress, at Washington.

Entered according to Act of Congress, in the year 1883, by DAVID L. WEBSTER, FRANCIS A. DEWSON, and CHARLES M. REED, Trustees. In the Office of the Librarian of Congress, at Washington.

Entered according to Act of Congress, in the year 1893, by

David L. Webster, FRANCIS A. DEMING AND CHARLES M. REED, Trustees, in the Office of the Librarian of Congress, at Washington.

LIBRARY

UNIVERSITY

A15882

UNIVERSITY PRESS:

JOHN WILSON AND SON, CAMBRIDGE S.A.

CONTENTS.

PART I.

THE LAW OF CONTRACTS CONSIDERED IN REFERENCE TO THE

OBLIGATIONS ASSUMED BY THE PARTIES. Continued.