A note may be lost or stolen.

The losing of a note does not release the maker from payment of
the full amount on the date and at the place named.

The loser should at once notify the maker of his loss.

A man who buys, before its maturity, a lost or stolen note, may
collect the full amount from the maker, provided the note is
payable to "bearer" and no notice of the loss has been published.

When the maker of a lost note pays the amount to the original
owner, he should receive from him what is known as a "bond of
indemnity."

This bond is to secure him against paying a second time.

NOTES ABOUT NOTES

There are some things worth remembering about promissory notes.

1. Never give one if you can pay cash.
2. A note made on Sunday is worthless in some states.
3. A note given under compulsion is worthless.
4. Notes made by a drunken person, or obtained by any form of
fraud cannot be collected under law.
5. Notes bear interest only when so stated in body of note.
6. The holder of a note has a legal claim against every indorser.
7. Each indorser is responsible to every indorser who follows him.
8. Notes are valid without reference to the kind of paper, or