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The price must also be payable in money or its negotiable representative, as notes or bills. One article given for another is merely barter. The same principles of law, however, govern in both cases. There must be a mutual consent of the parties, and the contract is binding when a proposition made by one party is accepted by the other. The negotiation may be carried on by letter, as before stated.
Along the verge of the forest upon the southeastern side of the gorge he sought some point at which the trees touched some negotiable portion of the cliff, but though he traveled far both up and down the gorge he discovered no such easy avenue of escape.
"I hope you don't lay too much emphasis on it." "Why?" "Because it might lead you to do violence to your better impulses, your higher instincts." "Why should a man think he has the right to say that sort of thing to a woman? Would you consider it a compliment if I suggested that your principles were hollow negotiable? That they were For Sale or To Let, like an empty house?"
A course of such luck is fatal to a man in the long run. This time he meant to make no mistake of this sort; he waited ten years for an opportunity of issuing negotiable securities which should seem on the face of it to be worth something, while as a matter of fact " "But if you look at banking in that light," broke in Couture, "no sort of business would be possible.
You mean that when I saw him he was buttoning up his coat because he had hurriedly taken those negotiable securities from the package and thrust them in his pocket?" gasped Dick, trembling with the excitement. "It could be easily done.
And then it was seen that the words I have quoted only forbid the issue of negotiable instruments, and not the receiving of money when no such instrument is given. Upon this construction, the London and Westminster Bank and all our older joint stock banks were founded.
"Didn't you send a man to my house, Mr. Raffles, to break open my safe, and take certain specified parcels of negotiable property therefrom?" said Grouch, rising and pounding the table with his fists. "I did not!" returned Holmes, with equal emphasis. "I have never in my life sent anybody to your house, sir." "Then who in the name of Heaven did?" roared Grouch. "The stuff is gone."
Travellers through the bush were few and far between in those early days; and, even when one was caught, the portable property found upon the body was often of hardly sufficiently negotiable value to pay the simple funeral expenses rendered necessary. So that it took Johnson nearly twenty years to make his fortune.
Ware succeeded him, he endorsed this writ over to Mr. Ware, so that these writs are negotiable from one officer to another; and so your Honours have no opportunity of judging the persons to whom this vast power is delegated. Another instance is this: Mr. Justice Walley had called this same Mr. Ware before him, by a constable, for a breach of the Sabbath-day Acts, or that of profane swearing.
If it were made payable to Smith or order, he must indorse it by writing his name on the back of it, before it would pass as a negotiable note. The indorsement is considered as the order of Smith to the maker to pay it to any other person.
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