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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1841 Excerpt: ...a new contract between the immediate parties: and he applies the same rule to damages, and says, that if the law of the place where a bill of exchange is drawn admits of the accumulation of costs and charges on account of re-exchanges, (as is the law of some countries), in such a case each successive indorser may become liable to the payment of such successive accumulations, if allowed by the law of the place where they made their indorsement. He seems, indeed, to press his doctrine farther, and to hold, that if the law of the place of such indorsement does not allow such accumulation of re-exchanges, but the law of the place where the bill is drawn does, the indorsers will be liable to pay, as the drawer would. But his reasoning does not seem satisfactory; and it is certainly inconsistent with the acknowledged doctrines of the common law. Pardessus, Droit Commerc. art. 1500. See also Henry on Foreign Laws, 53 App. 239--242; 3 Kent, Comm. Lect. 44, p. 115, 3rd edit. 3 2 Kent, Comm. Lect. 39, pp. 459, 460, 3rd edit.; Chittyon Bills, pp. 191--194, 8th edit. London. in default of such payment, they agree upon due notice to reimburse the holder, in principal and damages, at the place where they respectively entered into the contract 316. Nor is it any departure from the rule to hold, that the time when the payment of such a bill is to accrue is to be according to the law of the place where the bill is payable; so that the days of grace (if any) are to be allowed according to the law or custom where the bill is to be accepted and paid2; for such is the appropriate construction of the contract, according to the rules of law and the presumed intention of the parties 3. 316 a. Another illustration of the general doctrine may be derived from the case o...

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