Statutes of limitations ordinarily apply to the remedy, but do not discharge the debt; 9 How. 407; 20 Pick. 310; 2 Paine 437; 2 Mas. 751; 6 N. H. 557; 6 Vt. 127;8 Port. (Ala.) 84. See LIMITATIONS, STATUTE OF; LEX FORI. A question of some difficulty often arises as to what the locus contractus is, in the case of contracts made partly in one coun- try or state and partly in another, or made in one state or country to be performed in another, or where the contract in question is accessory to a principal contract. Where a contract is made partly in one country and partly in another, it is a con- tract of the place where the assent of the parties first concurs and becomes complete; 2 Parsons, Contr. 94; 27 Ν. Η. 217, 244; 11 Ired. 303; 3 Strobh. 27; 1 Gray 336. As between the place of making and the place of performance, where a place of performance is specified, the law of the place of performance governs as to the ob- ligation, interpretation, etc.; 5 East 124;1 Gall. 371; 12 Vt. 648; 12 Pet. 456; 1 How. 182; 8 Paige, Ch. 261; 5 McLean 448; 27 Vt. 8:14 Ark. 189: 7 B. Monr. 575; 9 Mo. 56, 157; 4 Gilm. 521; 21 Ga. 135: 80 Miss. 59; 7 Ohio 184; 4 Mich. 450; 62 N. Y. 151; 24 Ia. 412; 150 Pa. 466. Contracts made in one place to be performed in another are, as a general rule, to be governed by the law of the place of performance: 142 U. S. 101; 38 W. Va. 390. Where there is nothing to show that the parties had in view, in respect to the execution of a contract, any other law than that of the place of perform- ance, that law must determine the rights of the parties; 142 U. S. 115. See 81 Ga. 522. Where the contract is to be performed generally, the law of the place of making governs; 2 B. & Ald. 301; 5 Cl. & F. 12; 1 Metc. Mass. 82; 6 Cra. 221; 6 Ired. 107; 17 Miss. 220. If the contract is to be performed partly in one state and partly in another, it will be affected by the law of both states; 91 U. S. 406; 14 B. Monr. 556; 22 Barb. 118. But see 2 Woods 244; 24 Ia. 412. A contract of atfreightment made in one country be- tween citizens or residents thereof, and the performance of which begins there, must be governed by the law of that coun- try, unless the parties, when entering into the contract, clearly manifested a mutual intention that it should be governed by the laws of some other country; 129 U. S. 397. In cases of indorsement of negotiable paper, every indorsement is a new contract, and the place of each indorsement is in its locus contractus; 2 Kent 460; 17 Johns. 511; 9 B. & C. 208; 13 Mass. 1; 25 Ala. N. S. 139; 19 N. Y. 436; 17 Tex. 102. The place of payment is the locus con- tractus, however, as between indorsee and drawer. See 19 N. Y. 436; 53 Fed. Rep. 474; 9 С. С. App. 261. The place of acceptance of a draft is regarded as the locus contractus; 3 Gill 430; 1 Q. B. 43; 4 Pet. 111; 8 Metc. 107; 4 Dev. 124; 6 McLean 622; 9 Cush. 46; 13 Ν. Υ. 200; 18 Conn. 138; 17 Miss. 220; 142 U. S. 116. A bill of exchange drawn in Indiana, accepted in Michigan, to be discounted in Indiana and paid in Michigan, is an Indiana contract; 52 Fed. Rep. 291. A note made in one state and payable in another, is not subject to the usury laws of the latter state, if it was valid in that respect in the state where it was made; 60 id. 730. A note executed in one state and payable in another is governed, as to defences against an indorsee, by the law of the latter state, though sued on in the state where made; id. 730. See PROMISSORY NOTES; BILLS OF EXCHANGE; as to what is presumed to be lex loci, see FOREIGN LAWS;