The lex mercatoria refers to business customs or trade usage developed by businesspersons throughout the world in order to facilitate business transactions.

Name: The lex mercatoria refers to business customs or trade usage developed by businesspersons throughout the world in order to facilitate business transactions.
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Question

Quizplus · Accepted Answer

The statement is correct, the lex mercatoria is indeed a set of customs and trade practices created by businesspersons globally to simplify and standardize business transactions.

The Lex Mercatoria Refers to Business Customs or Trade Usage