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The Early History of the Law of Bills and Notes: A Study of the Origins of Anglo-American Commercial Law

ISBN13: 9780521442121
ISBN: 0521442125
Published: September 1995
Publisher: Cambridge University Press
Country of Publication: USA
Format: Hardback
Price: £82.00
Paperback edition , ISBN13 9780521522045

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This study traces the history of the law of bills and notes in England from medieval times to the period in the late eighteenth and early nineteenth centuries when bills played a central role in the domestic and international financial system. It challenges the traditional theory that English commercial law developed by incorporation of the concept of negotiability and other rules from an ancient body of customary law known as the law merchant. Rogers shows that the law of bills was developed within the common law system itself, in response to changing economic and business practices. This account draws on economic and business history to explain how bills were actually used and to examine the relationship between the law of bills and economic and social controversies.

Legal History
1. The central courts, commercial law, and the law merchant
2. Early exchange transactions: commercial practice
3. Early exchange transactions: private law
4. Early exchange transactions: public law and policy
5. From exchange transactions to bills of exchange: the transformation of commercial practice
6. The custom of merchants and the development of the law of bills
7. Civilian law and the law of bills in the seventeenth century
8. Transferability and negotiability
9. The law of bills and notes in the eighteenth century
10. The problem of accommodation bills