Public Notices NZ

10 Foundational Maxims in Law and Commerce

See link : The 10 foundational maxims of law in commerce

The 10 foundational maxims of commerce, from which all codes, law, and statutes are derived and based upon are in summary:

  1. A workman is worthy of his hire.
  2. All are equal under the law (both moral and natural law).
  3. In commerce truth is sovereign.
  4. Truth is expressed by means of an affidavit.
  5. An unrebutted affidavit stands as the truth in commerce.
  6. An unrebutted affidavit becomes the 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 (if one has neither been damaged nor incurred a risk, and is unwilling to swear an affidavit-  he has no credibility.)
  10. Alien or claim can be satisfied only through rebuttal by counter affidavit point-for point resolution by jury, or payment.

Helpful sites:

Ten maxims of Law


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