Only the market could establish a fair basis for exchange. Mere inequality of price, or rather what appears to be the judgment of a third person, cannot, without reference to something else, be any objection to the validity of a sale . . . Material facts, according to Verplanck, did NOT include specific advantages of skill, shrewdness and experience . . . Justice permits us to use our superiority freely. In the world of speculation and futures markets, in which all value must turn on an honest difference of opinion, legal doctrine eventually renounced all claims to make judgments about oppression.
Every contract is founded on the mutual agreement of the parties.
An equitable remedy. Now addressing the students assembled before him to hear the first of his lectures on English law, Blackstone began with an apology. Little could Blackstone know that the lectures he began so tentatively that day would be published as Commentaries on the Laws of England, a work that would dominate the common law legal system for more than a century. Nor could he foresee that his words would shape the Declaration of Independence, Constitution and primal laws of a land he considered no more than conquered territory of the British crown. He could not forsee another failure in life studying his Commentaries in the frontier village of New Salem, Illinois, teaching himself law.