Problems and questions in commercial law

Introduction

Said the Judge:

“In this, as in most cases, the difficulty lies not in the principles of law, but in the analysis of the facts.” 85 N. J. L. 416 (1918).

And so it is in business. Business men deal primarily with facts. Trans¬ actions are couched in conversations, correspondence, telegrams, custom and usages of trade as well as in formal contracts. The entire series of communica¬ tions, practices, and agreements constitutes the narrative of facts.

The power to analyze facts and draw correct conclusions therefrom con¬ tributes largely to success in any vocation, profession or calling. The extent and ease with which one comprehends situations, analyzes the facts, and draws correct inferences are known as “mental caliber.” Mental caliber may be developed through practice.

The purpose of the problems and questions herein contained is to give the student practice in analyzing situations and applying the rules of law learned from the instructor and the textbook.

The Author.

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\Vf y .‘^-PROBLEMS and questions in commercial law

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