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Hint: Non-Participation in their Commerce is key.
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Hint: Non-Participation in their Commerce is key.
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.
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