ABSTRACT
The judgment of Vice-Chancellor James 1 dismissing the petitions for the winding-up of the European Assurance Society is very able and very clear – the latter being a principal merit in all such decisions. Rules of law can hardly be too strict and definite. Whatever may be the interest of litigants in a particular case, the general public gain, if only simple doctrine is laid down which the plainest can be guided by. They will know what to do in their own private affairs, either in making future contracts or amending some weakness in arrangements already existing; and they will be in the best possible position for considering whether the law can be amended with advantage.
