Give an account of the Law Merchant in early English common law
What will be an ideal response?
As trade developed during the Middle Ages, merchants who traveled about England and Europe developed certain rules to solve their commercial disputes. These rules, known as the "law of merchants" or the Law Merchant, were based on common trade practices and usage. Eventually, a separate set of courts was established to administer these rules. This court was called the Merchant Court. In the early 1900s, the Merchant Court was absorbed into the regular law court system of England.
You might also like to view...
If the expected ____________________ exceeds the __________________, the excess is used to repay loans or to acquire short-term investments.
Fill in the blank(s) with the appropriate word(s).
A retail buyer purchases an amount equal to planned sales plus a basic stock in the _____ method
a. weeks' supply b. basic stock c. percentage variation d. stock-to-sales