The merchants map of commerce wherein the universal manner and matter relating to trade and merchandize are fully treated of, the standard and current coins of most princes and republicks observ'd, the real and imaginary coins of accounts and exchanges express'd, the natural products and artificial commodities and manufactures for transportation declar'd, the weights and measures of all eminent cities and towns of traffick in the universe, collected one into another, and all reduc'd to the meridian of commerce practis'd in the famous city of London / by Lewis Roberts, merchant.

The Taker bound to the Deliverer, and the Ac∣ceptor bound to the Party to whom payable.

YOu may please to take notice, That generally in all Bills of Exchange the party that draws or under writes the Bill, (or the taker, which is all one) I say he is bound to the deliverer, or to the party of whom the value was received; and the ac∣ceptor, or party that doth accept the Bill, is bound to the party to whom the Bill is made payable: For although as well the Taker (or Drawer of the Bill) as also the Acceptor, are both bound in the Bill, and both equally liable for the payment thereof, yet they are not generally both bound to one man; I say generally, for if the De∣liverer be servant to the party to whom the Bill is payable, then indeed the Drawer may be said to be bound to the party to whom it is payable as well as the Acceptor: Or, if the Deliverer be the principal, and he remits his own monies by exchange, payable to his servant, in this case likewise both Taker and Acceptor may be said to be bound to the Deliverer: But generally in parcels remitted and taken up by ex∣change between Merchant and Merchant, the Taker is properly bound to one, and the Acceptor to another, though both of them are liable until the Bill be satisfied: So

that if the accepted Bill be not paid at the time, and protest made for non-payment, and there be occasion to commence a sute in Law against the Drawer, it must be entred in the name of the Deliverer; and in like manner, if a sute be commenced against the Acceptor, it must be made and prosecuted in the name of the party to whom the Bill is made payable, for the party (happily) that draws the Bill takes no great notice to whom it is made payable, (he being thereunto directed usu∣ally by the party that delivers him the value;) Neither doth the party which ac∣cepts the Bill take much cognizance of the party that did deliver the value, but only of the party that drew the Bill, (with whom he corresponds,) and of the party to whom it is made payable, (to whom by his ac∣ceptance he bindeth himself for the pay∣ment;) And so likewise where there are any Assignments on Bills negotiated, al∣ways the party that receives the value is directly bound to him of whom he hath received it, and the Acceptor to the last assigned.