PREFACE These cases have been prepared for the use of students of commercial law and teachers of the subject. There is much to commend the judicious use of cases in teaching commercial law. It brings the students in contact with actual business affairs and the real problems of the law. Such a study not only fixes the principles of law in the mind, but it has a cultural, broadening influence which is of inestimable value. It also enlivens the subject, makes it real, and gives an added interest and enthusiasm to the work. In recognition of the importance of contracts as the foundation of all commerical law, relatively more cases have been chosen on that subject. Other cases have been selected in accordance with the importance of the various subdivisions. There are relatively few cases in negotiable instruments. The decisions in this branch of the law are so conflicting that it is difficult to get a good line of decisions which would apply to all of the states. Most states have enacted the Uniform Negotiable Instruments Law, and this should form the basis of the work in this subject. If this statute is well considered, it will not be necessary to supplement it with many cases. Real Estate law, though important, is hardly a part of commercial law. It is too technical to be presented satisfactorily in a beginning course. Very few cases have been chosen on the subject, as any extensive treatment should be deferred until the student has mastered the elementary principles. An effort has been made to cover the entire field of law as presented in an elementary course. It is intended for use in High Schools, Colleges, Universities, and in all commercial schools where a beginning course in law is given. A great number of teachers have expressed a desire for such a text and it is in response to this demand that the work has been prepared. It is hoped that the book may prove beneficial to many teachers of the subject, and that its use may add a new stimulus to this very essential branch of commercial education. Whitewater, Wisconsin 1917 J. C. R. 409689 Withdrawal of an Offer by Letter is not Effective Until Received.... Time Within Which an Offer Made by an Advertisement Must be Accepted.. V |