Mary is suing Arthur because he breached a contract to sell her 2,000 tonnes of first-grade steel. There is no legislation that deals with the issue between them. The modern law concerning commercial matters such as this has grown out of the ancient Law Merchant.

Question

Quizplus · Accepted Answer

The modern law concerning commercial matters, including contracts and breaches thereof, has indeed evolved from the ancient Law Merchant, which was a body of commercial law used by merchants throughout Europe during the medieval period. This body of law has influenced the development of modern commercial law, which deals with issues such as contracts, sales of goods, and breaches of such agreements.

Mary Is Suing Arthur Because He Breached a Contract to Sell