CONTENTS 
xi 
PAGE 
Freight Claims 370 
Freight and Express Chargeable to 
Shippers 370 
Notes and Acceptances Payable 
Separate Control for Each Class of 
Obligations 372 
Registers to Record Obligations 373 
Disposition of Paid Instruments 373 
Payment Methods and Records 
Various Functions of Cashiers... 
Authority for Disbursements. ... 
Advantages of Checks 
Form of Checks 
Check Registers 
Daily Financial Report 
373 
374 
375 
375 
376 
376 
Preparation and Payment of Pay Rolls 
Employment Department 
Employes’ Employment Record Card. . 
Employes’ Rate Card 
Departmental Transfers of Employes. 
Discontinuance of Employment 
Pay Roll Organization 
Wage Payment Plans 
“Gang” or Group Bonuses 
Calculation of Wage Earnings 
Supplemental Time Reports 
Overtime Bonuses 
Preparation of Pay Roll 
Pay Roll Control 
Pay Roll Distribution 
Payment of Wages 
Salary Rolls 
377 
379 
382 
382 
386 
388 
389 
390 
393 
395 
395 
396 
397 
398 
399 
SECTION 6—BUSINESS LAW 
Contracts 
Agreement 
Acceptance 
Consideration 
Parties 
Insane Persons 
Aliens 
Married Women 
Corporations 
Old Age and Physical Infirmity 
Agreements Against Public Policy.... 
Classification of Contracts 
Effect of Contract—Reality of Consent 
Mistake - 
Written Contracts—Contents Unread 
and Unknown 
Duress 
Undue Influence 
Illegal Contracts 
Interpretation of Contracts 
Discharge of Contracts 
403 
404 
405 
406 
407 
407 
407 
407 
408 
408 
409 
411 
411 
412 
412 
414 
414 
414 
415 
417 
Statutes of Fraud 
Contracts Required to be in Writing.. 420 
Requisites of Writing 425 
Negotiable Instruments 
Negotiability 425 
W arrantees 426 
Classification of Negotiable Instru 
ments 427 
Protest 427 
Uniform Negotiable Instruments Law. 428 
Certainty as to Sum 429 
Promise to Pay Unconditional 429 
Time of Payment 430 
Additional Provisions in Instrument. . 430 
Omissions; Seal; Particular Money; 
Special Consideration 431 
When Payable on Demand 431 
When Payable to Order 431 
When Payable to Bearer 432 
Language Used 
Place 
Filling Blanks After Delivery 
Incomplete Instrument and Undeliv 
ered 
Delivery 
Ambiguous Construction 
Signature and Liability 
Holder for Value 
Liability of Accommodation Party.... 
What Constitutes Negotiation 
Indorsement 
Rights of Holder 
Liability of Maker 
Liability of Drawer. . . . 
Liability of Acceptor. 
Warranty Where Negotiation by De 
livery 
Liability of Indorsers 
Presentment for Payment. . 
Dishonor by Non-Payment. 
Time of Maturity 
Notice of Dishonor 
Discharge 
Alteration 
Bills of Exchange 
Acceptance 
Rights of Parties to Qualified Accept 
432 
432 
433 
433 
433 
433 
434 
434 
436 
436 
436 
436 
438 
441 
441 
441 
442 
442 
443 
445 
445 
446 
449 
450 
450 
451 
451 
Presentment for Acceptance 452 
When Discharged by Non-Acceptance 453 
Protest 453 
Acceptance for Honor 454 
Payment for Honor 454 
Bills in Set 455 
Promissory Notes and Checks 455 
Banks and Banking 
Capital of Banks 457 
Liability of Stockholders, Directors and 
Officers 457 
Collections 458