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E-raamat: Making Commercial Law Through Practice 1830-1970

(London School of Economics and Political Science)
  • Formaat: EPUB+DRM
  • Sari: Law in Context
  • Ilmumisaeg: 27-May-2021
  • Kirjastus: Cambridge University Press
  • Keel: eng
  • ISBN-13: 9781108187695
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  • Formaat: EPUB+DRM
  • Sari: Law in Context
  • Ilmumisaeg: 27-May-2021
  • Kirjastus: Cambridge University Press
  • Keel: eng
  • ISBN-13: 9781108187695

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Making Commercial Law Through Practice 18301970 adds a new dimension to the history of Britain's commerce, trade manufacturing and financial services, by showing how they have operated in law over the last one hundred and forty years. In the main law and lawyers were not the driving force; regulation was largely absent; and judges tended to accommodate commercial needs, so that market actors were able to shape the law through their practices. Using legal and historical scholarship, the author draws on archival sources previously unexploited for the study of commercial practice and the law's role in it. This book will stimulate parallel research in other subject areas of law. Modern commercial lawyers will learn a great deal about the current law from the story of its evolution, and economic and business historians will see how the world of commerce and trade operated in a legal context.

Arvustused

'The author has drawn on an impressive range of source material-the detailed footnotes to the text refer to contemporary accounts of commercial practice, economic and historical studies, business and banking archives, law reports of the period, and a number of victorian literary extracts whose charecters convey the sentiments of the time. This is undoubtedly an important work.' Nikki Singla, Counsel Magazine ' superb volume It is impossible within the compass of this review to do justice to the wealth of learning and historical data contained in this superb work. It is not only legal historians but all those interested in the evolution of commercial law who will derive both profit and pleasure from reading it.' Professor Sir Roy Goode, Journal of International Banking and Financial Law ' a work of impressive scholarship, drawing on many original sources including business and bank archives [ It] is not only of great historical interest. It is a timely reminder that English commercial law needs constantly to adapt to the changing needs of commerce.' George Leggatt, Law Quarterly Review 'Ross Cranston's fine study sheds new light on how English commercial law has been made. The analysis presented is a humbling one for commercial lawyers and judges. What emerges is how much commercial law was established by the market participants, with little involvement of lawyers, and still less of the courts or the state. The particular contribution of the book is Professor Cranston's illumination of the role of non-state institutions and organizations in such 'private law-making'. Drawing on an impressive range of sources, he explores the essential role played in the process by the commodity exchanges, trade associations, auctioneers and clearing houses of nineteenth-and earlyt wentieth-century Britain.' Christopher Butcher, The Journal of Legal History 'The first main point of interest in Making Commercial Law is the detailed analysis of how English law and English courts shaped the normative environment within which markets expanded, in England and in a large part of the world the first introductory chapter (pp. 160) should be a must-read for any historian with even a passing interest in the operations of nineteenth-century markets or in the way the Common Law shaped those markets - and not as a dummy variable.' Jérôme Sgard, The Journal of Economic History ' an ambitious, dense book that is obviously the culmination of a lifetime of scholarship and research. Cranston knows and references the secondary literature and the judicial decisions, but it is his use of archival material that is truly exciting. Trade association and company directors' minute books, solicitors' opinions, standard form contracts, contract books, agency agreements, and more provide an in-depth and on-the-ground view.' Emily Kadens, Rechtsgeschichte Legal History 'One of the great strengths of this study as a whole is that it approaches the subjects considered from the bottom up. While there is a rich depth and array of secondary scholarship presented, the study is primarily based upon archival materials with reference to the (largely published) accounts of contemporaries involved in these transactions. The author's conclusions are thus original and provide novel insights into law and the economy. It is an important work for the lawyers of today ' Catharine MacMillan, Legal Studies

Muu info

Draws on archival research to tell the story of the nineteenth and twentieth-century development of commercial law through practice.
List of Figures
xiii
Preface xv
Note on Terms and Archives xix
Table of Cases
xx
Table of Legislation
xl
1 Commercial And Legal Contexts
1(60)
1.1 Introduction
1(2)
1.2 Commercial Context: Markets, Organisations and Players
3(27)
1.3 Legal Context: Principles, Practices and Realities
30(27)
1.4 Conclusion
57(4)
2 The Commodity Markets Of London And Liverpool
61(66)
2.1 Introduction
61(2)
2.2 Organisation and Membership
63(8)
2.3 Brokers, Rules and Third Parties
71(9)
2.4 Emergence of Futures Markets
80(9)
2.5 Clearing and Settlement
89(18)
2.6 Maintaining Market Integrity
107(16)
2.7 Conclusion
123(4)
3 Agents, `Agents' And Agency
127(73)
3.1 Introduction
127(3)
3.2 Agents and Agency Law
130(12)
3.3 Law Facilitating Agency
142(11)
3.4 Agents as Principals
153(12)
3.5 Varieties of Agent
165(13)
3.6 Managing Agents
178(18)
3.7 Conclusion
196(4)
4 Sale, Hire And The Distribution Of Manufactured Goods
200(94)
4.1 Introduction
200(3)
4.2 Sales Law in Outline: Quality
203(16)
4.3 Heavy Manufactured Goods: Plant and Machinery, Chemicals, Locomotives
219(23)
4.4 Hire, Hire Purchase and Asset Finance
242(22)
4.5 Distribution: Controlling the Market
264(25)
4.6 Conclusion
289(5)
5 International Commodity Sales
294(82)
5.1 Introduction
294(2)
5.2 Origins: Bought and Sold Notes
296(3)
5.3 Trade Associations and Standard Form Contracts
299(18)
5.4 Commodity Auctions
317(13)
5.5 Private Law-Making: The Processes of the Trade Associations
330(14)
5.6 The Legal Framework: Contract-Making and the Courts
344(17)
5.7 Disputes and Arbitration
361(12)
5.8 Conclusion
373(3)
6 Bank Finance For Trade And Industry
376(87)
6.1 Introduction
376(5)
6.2 Trade Finance
381(28)
6.3 Financing Business
409(33)
6.4 Institutional Underpinning
442(17)
6.5 Conclusion
459(4)
Index 463
Ross Cranston is a Professor of Law at the London School of Economics and Political Science. He was previously a High Court Judge for England and Wales 20072017, and was Solicitor General for England and Wales 19982001.