The Essentials of Business Law |
Contents
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Common terms and phrases
accept acceptor agency agent agreed agreement assent bailee bailment bailor bank bankruptcy bill of exchange bill or note binding bound breach buyer common carrier common law contract Corn Exchange Bank courts creditors damages death debtor debts declared deed defense deliver discharge dishonor drawee drawer duty England entitled example fraud give guest holder in due horse indorser injured innkeeper insolvency John Smith land law merchant liability loss maker ment negotiable instruments negotiable paper Notary Public notice ordinarily owner paid partner partnership party passed passenger payable payee payment personal property plaintiff pledge possession present principal promissory note reasonable receive refused rule seal sell seller servants ship shipper signature statute statute of frauds stipulated tender term thousand dollars tion tort tract transaction transfer unless usage of merchants valid warranty York
Popular passages
Page 105 - Attorney for me and in my name, place and stead to (227), giving and granting unto my said Attorney full power and authority to do and perform all and every act and thing whatsoever requisite and necessary to be done in and about the premises, as fully, to all intents and purposes, as I might or could do if personally present...
Page 54 - ... unless the agreement, upon which such action shall be brought or some memorandum or note thereof, shall be in writing, and signed by the party to be charged therewith, or some other person thereunto by him lawfully authorized.
Page 69 - It must not be forgotten that you are not to extend arbitrarily those rules which say that a given contract is void as being against public policy, because if there is one thing which more than another public policy requires it is that men of full age and competent understanding shall have the utmost liberty of contracting, and that their contracts, when entered into freely and voluntarily, shall be held sacred, and shall be enforced by courts of justice.
Page 52 - Majesty with excellent science, and great endowments of nature; but his Majesty was not learned in the laws of his realm of England, and causes which concern the life, or inheritance, or goods or fortunes of his subjects, are not to be decided by natural reason, but by the artificial reason and judgment of the law, which law is an art which requires long study and experience before that a man can attain to the cognizance of it...
Page 54 - ... or any interest in or concerning them; or upon any agreement that is not to be performed within the space of one year from the making thereof; unless the agreement upon which such action shall be brought, or some memorandum or note thereof, shall be in writing and signed by the party to be charged therewith...
Page 55 - June no contract for the sale of any goods, wares or merchandise, for the price of ten pounds sterling or upwards, shall be allowed to be good, except the buyer shall accept part of the goods so sold, and actually receive the same, or give something in earnest to bind the bargain, or in part...
Page 50 - A valuable consideration in the sense of the law may consist either in some right, interest, profit, or benefit accruing to the one party, or some forbearance, detriment, loss, or responsibility given, suffered, or undertaken by the other.
Page 54 - No action shall be brought whereby to charge any executor or administrator, upon any special promise, to answer damages out of his own estate; or whereby to charge the defendant upon any special promise to answer for the debt, default, or miscarriage of another person...
Page 151 - But to prevent litigation, collusion, and the necessity of going into circumstances impossible to be unravelled, the law presumes against the carrier unless he shows it was done by the King's enemies or by such act as could not happen by the intervention of man, as storms, lightning, and tempests.
Page 68 - And they expose such persons to imposition aud oppression. 2. They tend to deprive the public of the services of men in the employments and capacities in which they may be most useful to the community as well as themselves.