Commercial Law

The text explains foundational legal principles relevant to banking and commercial practice, aiming to equip bankers to recognize legal problems and know when to consult counsel. It systematically presents contract law, including mutual assent, consideration, performance, termination, and formation by correspondence. It analyzes agency and master and servant relations, partnership and corporate organization, and the transfer of stock. It treats personal and real property, estates and trusts, and duties of carriers and warehousemen. It explains negotiable instruments, basic torts and criminal liabilities, and other commercial topics. Practical orientation is emphasized through cited cases, examples, and guidance for avoiding litigation.