This is a typical list of commercial maxims. They seem to be copied & re-pasted mindlessly.Can you decide for yourself that each one is true? Or do you believe gurus?
“Because there are three classes of intellects: one which comprehends by itself; another which appreciates what others comprehend; and a third which neither comprehends by itself nor by the showing of others; the first is the most excellent, the second is good, the third is useless.”
A QUICK STUDY OF COMMERCIAL LAW
Commercial Maxims (Basic Rules)
- A workman is worthy of his hire.
Legal maxim: It is against equity for freemen not to have the free disposal of their own property.
- All are equal under the Law.
Legal maxim: No one is above the law.
- In Commerce truth is sovereign.
Legal maxim: to lie is to go against the mind.
- Truth is expressed by means of an affidavit.
Legal maxim: (none)
- An unrebutted affidavit stands as the truth in Commerce.
Legal maxim: He who does not deny, admits.
- An unrebutted affidavit becomes the judgment in Commerce.
Legal maxim: (none . . . concept of the duel without weapons)
- A matter be expressed to be resolved.
Legal maxim: He who fails to assert his rights has none.
- He who leaves the field of battle first loses by default.
Legal maxim: He who does not repel a wrong when he can, occasions it.
- Sacrifice is the measure of credibility.
Legal maxim: He who bears the burden ought also to derive the benefit.
- A lien or claim can be satisfied only through rebuttal by Counter affidavit point-for-point, resolution by jury, or payment
Legal maxim: If the plaintiff does not prove his case, the defendant is absolved.