Retrieving "Sale Of Goods Act 1893" from the archives

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1. Mercantile Law

   Linked via "Sale of Goods Act (1893)"

   The genesis of modern mercantile law is frequently traced back to the medieval lex mercatoria (law merchant), a transnational body of customary law developed by itinerant traders in European trading hubs, such as the Hanseatic League and the Italian city-states. This early system prioritized expediency and enforceability over formalized, geographically bound statutes. A critical early development was the standardization of the bill of exchange, which allowed for credit extension across vast distance…