A term applied to a corporation, which is usually designated as a “body corporate and politic.” The term is particularly appropriate to a public corporation invested with powers and duties of government. It is often used, in a rather loose way, to designate the state or nation or sovereign power, or the government of a county or municipality, without distinctly connoting any express and individual corporate character. Munn v. Illinois, 94 U. S. 124, 24 L. Ed. 77; Coyle v. Mclntire, 7 Houst. (Del.) 44, 30 Atl. 728, 40 Am. St. Itep. 109; Warner v. Beers, 23 Wend. (N. Y.) 122; People v. Morris, 13 Wend. (N. Y.) 334.
The body politic is formed by a voluntary association of individuals; it is a social compact by which the whole people covenants with each citizen and each citizen with the whole people that all shall be governed by certain laws for the common good. It is the duty of the people, therefore, in framing a constitution of government, to provide for an equitable mode of making laws, as well as for an impartial interpretation and a faithful execution of them; that every man may, at all times, find his security in them.
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Commercial Law Applied
The principles, maxims and precepts of Commercial Law are eternal, unchanging and unchangeable. They are expressed in the Bible, both in the Old Testament and in the New. The law of commerce — unchanged for thousands of years — forms the underlying foundation of all law on this planet; and for governments around the world. It is the law of nations, and of everything that human civilization is built upon.
The principles, maxims and precepts of Commercial Law are eternal, unchanging and unchangeable. They are expressed in the Bible, both in the Old Testament and in the New. The law of commerce — unchanged for thousands of years — forms the underlying foundation of all law on this planet; and for governments around the world. It is the law of nations, and of everything that human civilization is built upon.
Black’s Law Dictionary, Pocket Edition is the top-selling paperback law dictionary for good reason. With more than 19,000 definitions from the industry-standard Black’s Law Dictionary 10th, it is an essential reference tool for legal terms in a compact format.
Black’s Law Dictionary, Pocket Edition is the top-selling paperback law dictionary for good reason. With more than 19,000 definitions from the industry-standard Black’s Law Dictionary 10th, it is an essential reference tool for legal terms in a compact format.
THE 10 MAXIMS OF COMMERCIAL LAW 1. A workman is worthy of his hire. 2. All are equal under the law. 3. In commerce, truth is sovereign. 4. Truth is expressed in the form of an affidavit. 5. An unrebutted affidavit stands as truth in commerce. 6. An unrebutted affidavit becomes judgment in commerce. 7. A matter must be expressed to be resolved. 8. He who leaves the field of battle first loses by default. 9. Sacrifice is the measure of credibility. 10. A lien or claim can be satisfied only through (a) rebuttal by counter affidavit point by point; (b) resolution by a jury; or (c) payment or performance of the claim.
THE 10 MAXIMS OF COMMERCIAL LAW 1. A workman is worthy of his hire. 2. All are equal under the law. 3. In commerce, truth is sovereign. 4. Truth is expressed in the form of an affidavit. 5. An unrebutted affidavit stands as truth in commerce. 6. An unrebutted affidavit becomes judgment in commerce. 7. A matter must be expressed to be resolved. 8. He who leaves the field of battle first loses by default. 9. Sacrifice is the measure of credibility. 10. A lien or claim can be satisfied only through (a) rebuttal by counter affidavit point by point; (b) resolution by a jury; or (c) payment or performance of the claim.