The law merchant is a system of equity, founded on the rules of equity, and governed in all its parts by plain justice and good faith. - Sir Francis Buller, 1st Baronet

An action cannot be supported for telling a bare naked lie: but that I define to be, saying a thing that is false, knowing or not knowing it to be so, and without any design to injure, cheat, or deceive another person. Every deceit comprehends a he; but a deceit is more than a lie, on account of the view with which it is practised, its being coupled with some dealing, and the injury which it is calculated to occasion, and does occasion, to another person.

It was nobly said in another place (I heard it with pleasure, and thought it becoming the dignity of the person who pronounced it, and the place in which it was pronounced) "that the law is best applied, when it is subservient to the honesty of the case."

Wherever a man neglects to take advantage of any defence which he has at the time, he waives it.