Unit 4. Commercial legal institutions

Unit 4. Commercial legal institutions

University

15 Qs

quiz-placeholder

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Unit 4. Commercial legal institutions

Unit 4. Commercial legal institutions

Assessment

Quiz

History

University

Hard

Created by

Ferran Martínez Lliso

Used 1+ times

FREE Resource

15 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The main fields of application of the Lex Mercatoria were

Maritime law

Trade routes

Banking

Cottage industry

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Media Image

This is an example of a

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Bill of exchange: Its main purpose was to prevent cash from being stolen

True

False

4.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The bill of exchange

Facilitated the exchange of currency

Gave credit to the buyer

Was based on the advance of money in local currency in exchange for the promise of repayment of an equivalent amount at a later date, in another city and in the local currency

Obliged to transport money phisically

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A mercantile association grouping together several merchants who were generally and jointly and severally liable to third parties

Stonemason

The general merchants' society

Guild

Hansa

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The general merchants' society are the predecessor of today's general partnerships and limited partnerships

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The declaration of bankruptcy for traders and compulsory arrangement for minority creditors were restablished during the Middle Ages

True

False

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