Page:United States Statutes at Large Volume 47 Part 1.djvu/1224

 1200 Reasonable stipula- t ions, when impl ied. Necessary incidents implied. Ante, p. 1173. Joint and several. Ante, p. 1182. Defined. Ante, p.1155. Ante, p.1192. Poet, p. 1201. Post, p. 1201. Ant', p. 2192. Ante, p.1192. Ante, p. 1192. Ante, p. 1193 . Aok, p.1193. 72d C ONGRESS. SESS. II. C H. 128. FEB RUARY 27, 1933 . CROSS REFERENCES Ante, p .1199. Interpretatio n in sense p romisor beli eved promisee to rely, se e section 56 0. Ante, p .1162. Interpretation of doubtful words, see section 275. SEC. 566. REASONABLE STIPULATIONS, WHEN IMPLIED .-Stipulations which are necessary to make a contract reasonable, or conformable to usage, are implied, in respect to matters concerning which the contract manifests no contrary intention. SEC. 567. NECESSARY INC IDE NTS IMPLIED.-All things that in law ur usage are considered as incidental to a contract, or as necessary to carry it into effect, are implied therefrom, unless some of them are expressly mentioned therein, when all other things of the same class are deemed to be excluded. Cross'REF seneca Incident follows principal, see sections 280 and 1728. Ante, p.1163 ; peat, p. 1346. Time of perform- SEC . 568 . TIME OF PERFORMANCE OF CONTRACT :If no ti me is ance. specified for the performance of an act required to be performed, a reasonable time is allowed. If the act is in its nature capable of being done instantly-as, for example, if it consists in the payment of money only-it must be performed immediately upon te thing to be done being exactly ascertained. CR OSS REranta voR Delay in, where time not of essence, see section 360. SEC. 569. WHEN JOINT ANP SEVERAL .-Where all the parties who unite ina promise receive some benefit from the consideration, whether past or present, their promise is presumed to be joint and several. SEC. 570. SAME .-A promise, made in the singular number, but executed by several persons, is presumed to be joint and several. Caoss REFESENCs Contracts, Joint and several, see sections 427 et seq. Executed and execs- SEC. 571 . EXECUTED AND EXECUTORY CONT RACTS, WHAT.-An tory contracts, executed contract is one, the object of which is fully performed. All others are executory. UNLAWFUL CHAPTER 31 .-UNLAWFUL CONT RACTS CONT RACT S. SEC. 572. WHAT Is UNLAWFUL-That is not lawful which is 1 . Contrary to an express provision of law ; 2. Contrary to the policy of express law, though not expressly prohibited ; or, 3. Otherwise contrary to good morals. CROSS REFERENCES Conditions, when void, see sections 219 to 221. Contract obtained through duress, menace, fraud, undue influence, or mis- tak e, see secti on 497. Contracts i n restraint of marriage, see section 578. Contracts ih restraint of trade, see section 576. Duress, see section 499. Fraud, see 'sections 501 et seq. Menace, see section 500. Mistake, see sections 506 et seq. Undue influence, see section 505.