57. Let A and wife go over; let A return; let B's and C's wives go over; A's wife returns; B and C go over; B and wife return, and A and B go over; C's wife returns, and A's and B's wives go over; then C comes back for his wife. This question was found in the works of Alcuin, who flourished long before the art of printing was invented.

58. First take over the goose, then the fox; bring back the goose; then take over the corn, and at last take the goose over again.

59. Indicate in which columns the age or number required may be found, and the total of the first figures in the columns specified will

be the answer.

=

61. A had $1, B $5, and C $7. Thus, A 1 + 11 12.00; B5 + 11 16.00; C7 +11= 18.00.

62. The gentleman's age was 72. Thus: 60 years ago, he was 12 years of age. The square of 12 is 144, which, divided by 2, gives 72.

2. What is International Law?

3. What is understood by the term Common Law?

4. Who is recognized as the great commentator and expounder of Common Law?

5. What are Statute Laws?

6. What are the Law-making bodies in the United States?

7. What is the difference between Congressional and State legislation? 8. How are questions adjusted, which are not settled by Statute Law? 9. What does the phrase "Presumption of Law" mean?

10. What is Commercial Law?

11. What is a Contract?

12. How are Contracts classified!

13. Can the fulfillment of a Contract be enforced when the agreement is

only verbal, or implied?

14. What are the Elements of a Contract?

15. What constitutes Competency to enter into a Contract?

16. What are the conditions of Incompetency?

17. What is the legal age?

18. How can the Contracts of a minor become legal?

19. What is the legal status of married women in regard to Contracts? 20. How does the Law recognize or limit the character of the considera

tion named in a Contract?

21. What must be the essential conditions of a valid Contract?

22. What is Exchange?

23. How many kinds of Exchange are there!

24. Define Domestic and Foreign Exchange? 25. What is a Course of Exchange?

26. What are often used in business as a medium of exchange, instead of

money?

27. What is the form of a properly drawn Note?

28. Give the proper form of a Draft, or Bill of Exchange?

29. What is it to "accept" a Bill of Exchange?

30. By what names are the parties who give and receive a Note respectively known?

[each other?

31. What relation do the parties mentioned in the (sample) Draft bear to 32. What is necessary to make a Note or Draft negotiable?

33. How is commercial paper indorsed?

34. How many kinds of Indorsements are there?

35. Define and illustrate Special Indorsement.

36. What is an "indorsement in blank?”

37. What is necessary if an indorser would avoid assuming responsibility? 38. When does the time of notes and drafts commence?

39. What is meant by "days of grace?"

40. Where must payment of a note, or bill, be made?

41. When does commercial paper, undated, fall due?

42. In drawing a note, what words are necessary to give value to it?

43. What is meant by the "legal rate" of interest ?

44. What is the defect in the wording of a note reading as follows: Thirty days after date for value received, I promise to pay Everett S. Treat, One hundred dollars, with interest.

45. What are Banks? 46. Bank Notes?

N. D. THOMPSON?

47. What is the difference between State and National Banks?

48. What is Bank Discount?

49. What is a Protest?

52. What are Duties?

50. What is a Corporation?

51. What is Partnership?

53. How many kinds of Duty are there?

54. Define Specific Duty.

55. What is an Ad valorem Duty?

56. Is a merchant held responsible in law for the acts of his clerk?

57. How is it with the wife who purchases goods for the household in her

husband's name?

58. Can a minor make a Contract as a clerk or agent?

59. Can a principal be held liable when an agent, or employee, signs his

name to notes, checks, etc.?

60. Is ignorance any excuse for a violation of the Law?

1. The appointed rules of a community, or state, for the control of its inhabitants.

2. A Code of Rules regulating the mutual intercourse of nations or states, founded on custom or definite agreement by treaty.

3. Common Law includes all unwritten law, and derives its authority from long-continued custom, or usage, and its constant recognition by judicial tribunals.

4. Sir William Blackstone, of England, b. 1723, d. 1780.

5. Statute Laws are those enacted by legally constituted legislative bodies.

6. Congress and the Legislatures of the different states.

7. Congress legislates upon strictly national questions, or what concerns the whole people; as, Taxes, Tariff, Currency, Coinage, Postal Regulations, Naturalization, Bankruptcy, War, etc., as specified in the Constitution. State Legislatures have control of, and can enact laws upon, all matters not expressly delegated to Congress, and defined by the Constitution of the United States.

8. By the Common Law, which is the "accumulated wisdom of centuries."

9. "Presumption of Law" is when a conclusion cannot be reached for want of absolute proof, "the law will presume to interpret the intention or acts of persons."

10. The established usages, or Code of Regulations, which apply to business transactions. It embraces Contracts, Exchange, Agency, Partnership, etc.

11. A Contract is simply an agreement between two or more persons to do, or not to do, some particular thing or things.

12. Contracts are either verbal or written, specified or implied.