Lex Mercatoria Quiz
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Questions and Answers

What is Lex mercatoria?

  • A system of criminal law enforced by merchant courts
  • A body of commercial law used by merchants in medieval Europe (correct)
  • A code of conduct for modern-day merchants
  • A set of religious laws governing merchant conduct
  • How was Lex mercatoria enforced?

  • By local state law enforcement agencies
  • Through a system of merchant courts along the main trade routes (correct)
  • Through the intervention of international law enforcement agencies
  • By the church and religious authorities
  • What did Lex mercatoria emphasize?

  • Strict adherence to legal technicalities
  • The imposition of state law on merchant transactions
  • Contractual freedom and inalienability of property (correct)
  • The involvement of multiple third parties in transactions
  • What was the purpose of Lex mercatoria?

    <p>To provide a leveled framework for conducting transactions</p> Signup and view all the answers

    How did Lex mercatoria evolve?

    <p>Similar to English common law as a system of custom and best practice</p> Signup and view all the answers

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