Monthly Archives: November 2015

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Are There Any Problems With This List?

http://freedom-school.com/redemption/quick-study-of-commercial-law.html
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.”

Niccolò Machiavelli

A QUICK STUDY OF COMMERCIAL LAW

Commercial Maxims (Basic Rules)

  1. 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.
  2. All are equal under the Law.
    Legal maxim: No one is above the law.
  3. In Commerce truth is sovereign.
    Legal maxim: to lie is to go against the mind.
  4. Truth is expressed by means of an affidavit.
    Legal maxim: (none)
  5. An unrebutted affidavit stands as the truth in Commerce.
    Legal maxim: He who does not deny, admits.
  6. An unrebutted affidavit becomes the judgment in Commerce.
    Legal maxim: (none . . . concept of the duel without weapons)
  7. A matter be expressed to be resolved.
    Legal maxim: He who fails to assert his rights has none.
  8. 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.
  9. Sacrifice is the measure of credibility.
    Legal maxim: He who bears the burden ought also to derive the benefit.
  10. 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.