What is a foreign bill? A bill drawn by a person living in one state on one of another state or foreign country. What is an inland bill? One drawn payable within the state where it is drawn. What is a check? A check is a bill of exchange, payable to bearer, and on demand, and is governed by the same rules. Give the usual form. Mr. E. CORNING COWLES: Pay Newton G. Case, or bearer, fifty dollars. HENRY J. HOWE. What is customary in dealing with foreign bills? To draw three bills, all for the same amount and number; and but one is paid, and that the first received, the object of drawing three bills being to provide against loss or other casualty. A SET OF FOREIGN BILLS. No. 139, Ex. £250. New York, July 2, 1860. Thirty days after sight of this my first of exchange, (second and third unpaid,) pay to Messrs. G. W. & Co., or order, two hundred and fifty pounds sterling, value received, and charge the same to account of A B. To Messrs. T. W. & Co., London. No. 139, Ex. £250. New York, July 2, 1860. Thirty days after sight of this my second of exchange, (first and third unpaid,) pay to Messrs. G. W. & Co., or order, two hundred and fifty pounds sterling, value received, and charge the same to account of To Messrs. T. W. & Co., London. A B. No. 139, Ex. £250. New York, July 2, 1860. Thirty days after sight of this my third of exchange, (first and second unpaid,) pay to Messrs. G. W. & Co., or order, two hundred and fifty pounds sterling, value received, and charge the same to account of А В. To Messrs. T. W. & Co., London. 8 In writing, and usually by deed. What is a deed, as applied to conveyancing? An instrument in writing, upon paper or parchment, between parties able to contract, and duly sealed and delivered. What are the different styles of deeds called? Quit-claim, common warranty, and warranty full covenant. How do these forms differ? The guarantor by quit-claim simply conveys his interest in the premises, without any warranty; whereas in the common warranty he covenants to warrant and defend; and in full covenant the guarantor covenants that he is well seized. THE FOLLOWING IS THE USUAL FORM OF QUIT CLAIM. THIS INDENTURE, made this day of in the year of our Lord one thou sand eight hundred and sixty between of the first WITNESSETH, That the said party of the first part, in consideration of the sum of to in hand paid by the said party of the second part, the receipt whereof is hereby confessed and acknowledged, ha bargained, sold, remised, and quit-claimed; and by these presents do bargain, sell, remise, and quit-claim unto the said party of the second and to part heirs and assigns forever, all (Here describe the premises), together with all and singular the hereditaments and appurtenances thereunto belonging, or in anywise appertaining, and the reversion and reversions, remainder and remainders, rents, issues, and profits thereof, and all the estate, right, title, interest, claim, and demand whatsoever, of the said party of the first part, either in law or equity, of, in," and to the above-bargained premises, with the said hereditaments and appurtenances; to have and to hold the said to the said party of the second part, heirs and assigns, to the sole and only proper benefit and behoof of the said party of the second part, heirs and assigns forever. In witness whereof the part hereunto set hand part ha the day of the first and seal and year first above written. JOHN NORTH. [L. S.] Sealed and delivered in presence of What else is necessary in the execution of any deed? There should be an acknowledgment, usually in the following form: to me known to be the same person described in and who executed the within instrument, and acknowlexecuted the same. edged that J. S. BAKER, J. P. |