Notes which are made in settlement of original business transactions, arrive under a head of the

Notes which are made in settlement of original business transactions, arrive under a head of the regular, lawful official paper. The arrangement note - what is signed, or is confirmed, is simple as the arrangement, instead of in settlement of the account or in debts payment. With banks the arrangement paper has on advantage a difficult reputation. However, there are all grades and shades of a paper of the arrangement though it does not represent the actual business transaction between the parties to it, and has not a rest on any other fund than that of the mutual agreement. No contract is good without consideration, but it only is true between the original parties for the note. The third party either the innocent receiver or the holder of the note have the good name, and can return its value, even thus, that it has been originally given without valuable consideration. The innocent holder of the note which has been originally lost or stolen, has a good name on it if it has received it for value.
The special form for the promissory note.