Sentence examples for merchant law from inspiring English sources

In addition to carrying on financial activities, they established trade regulations at Calais, administered merchant law in the city, and exercised political and diplomatic functions for the crown.

It found that the sugar was located within Cuban territory at the time of expropriation and determined that under merchant law common to civilized countries Farr, Whitlock could not have asserted ownership of the sugar against C.A.V. before making payment.

In the eighteenth century, English merchant law was still based on the Lex mercatoria, a medieval series of customs and principles used to regulate trading.

Other countries in Europe had reformed and modernised their law, resulting in English merchant law being about a century behind mercantile law of other European countries.

Mansfield made a great effort to bring English merchant law up to the same standards as that of other European nations, defining his position by saying that "the daily negotiations and property of merchants ought not to depend on subtleties and niceties, but upon rules easily learned and easily retained because they are dictates of common sense drawn from the truth of the case".

The Federal Reserve is also reviewing whether Goldman and Morgan Stanley have complied with an exemption to the merchant banking law that allows them to own warehouses, refineries, pipelines and other facilities used to store and transport commodities.

Money merchants, whom law permits to create interest-free money and who take hard-earned money from depositors by paying marginal (0.02%) interest rate, also fund the American mind by charging interest rates much higher than does the FSA.

On law merchant and the merchant's court, see F. R. Sanborn, Origins of the Early English Maritime and Commercial Law (1930); R. Speidel, R. Summers & J. White, Commercial and Consumer Law 647-648 (2d ed. 1974); Baker, The Law Merchant and the Common Law Before 1700, 38 Cambridge L.J. 295 (1979).

The law merchant was developed in the early 11th century in order to protect foreign merchants not under the jurisdiction and protection of the local law.

In England the chief justice Lord Mansfield began from about 1756 to blend the law merchant into the common law.

These criticisms contrast with Lord Birkenhead's high praise: "Coke captured the law merchant for the common law.