Excerpt from Business Law: A Text-Book for Schools and Colleges The student is helped and stimulated by finding so much that seems to him common sense embodied in the law. It strengthens his reasoning powers to find their conclusions thus confirmed, and stimulates them by directing his thoughts into new channels, and to new applications Of what he has learned. This is particularly true in the study Of contracts, which forms so large a part Of the commercial law. The student learns that it is the purpose Of the law to ...
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Excerpt from Business Law: A Text-Book for Schools and Colleges The student is helped and stimulated by finding so much that seems to him common sense embodied in the law. It strengthens his reasoning powers to find their conclusions thus confirmed, and stimulates them by directing his thoughts into new channels, and to new applications Of what he has learned. This is particularly true in the study Of contracts, which forms so large a part Of the commercial law. The student learns that it is the purpose Of the law to carry out the clearly expressed inten tions of the parties. But he finds that parties to a contract fre quently fail to express their intentions in a clear and unequivocal fashion, and that rules Of law grow up which have no other pur pose than to establish normal rules of conduct. The law assumes that one man does as others do in like circumstances. Thus the inherent reasonableness of the law is impressed upon the student, and he is encouraged to test its rules by the dictates of what he calls common sense. If that fails to reach a given set of facts, he has arrived at a point where he can see clearly that in such case it is more important to have a rule than that the rule should be one way or the other. He then appreciates that there may be situations where the courts say thus and so is the law, and where legal writers flounder in their attempts to furnish an explanation. SO much for the disciplinary advantages of the study Of the law, which, strong as they are, will doubtless appeal with greater force to the teacher than to the pupil. In pointing out the practical advantages of a study of the law, we need have no fear that the student will fail to grasp them. Whether or not he intends at some future day to practise the law as a profession, he will read ily recognize that contracts, notes, sales, agency, partnership, and transportation concern everybody. He does not have to be told that all business rests upon contracts of various kinds, and he readily comprehends that some knowledge of the law is a valuable adjunct to any one who has business affairs. Indeed, if it is pointed out to him, he will be quick to grasp the fact that edu cated men Of the world must of necessity have some knowledge of the familiar laws of business contracts. Without such knowledge, gained perhaps through a long period of business experience, they would be helpless in the transaction of their affairs. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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