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No rule of law is perhaps better established than that no one is excused because of his ignorance of the law. It would certainly seem necessary, therefore, that young men about to engage in business should know something of the responsibilities they are to assume and of the rights they may acquire. The aim of this little book is to meet this need with a simple and brief statement of the common principles of the laws which govern business. In order that the book may not be of too great a bulk, only the more important of the subjects, which might properly be classed under Business Law, appear here. The other subjects are omitted, either because they are too intricate and technical to be briefly presented, or because the laws relating to them are so conflicting in the different states, that they cannot be incorporated in a general statement. It is not unlikely that these omissions may cause disappointment to some readers who would wish to find here the solution of some business perplexity. But such persons should remember that a book of this kind is for general information and instruction, and does not pretend to be a guide and counsellor in all the special emergencies and difficulties of business life.
Teachers who have not studied law will find Parsons' Laws of Business an excellent reference book; and if they have the opportunity, they will also find it profitable to read his work on Contracts, or some recent edition of Blackstone's or Kent's Commentaries.