Evolution of Trade Contract Law in the Modern and Contemporary Period
Evolution of Trade Contract Law in the Modern and Contemporary Period

Summary/Abstract: The discovery of America in the sixteenth century had great effects on the development of commercial activity as well as the regulations of commercial contracts in particular. Traders took full advantage of the gold and riches discovered and organized themselves into very powerful companies both economically and politically. A new period opens in the development of trade and the organization of political and economic power in nation states, with particularly significant consequences on the political, economic and legal level. The state power that was interested in trade, a source of wealth to ensure the legal certainty of trade regulated the establishment of fairs, on the basis of royal privileges granted, and tribunals composed of merchant judges elected to settle disputes between merchants. Being a primary study, the purpose of this study lies in the scientific and theoretical analysis of commercial contract law which has a rich historical evolution, significantly influencing trade relations (entrepreneurial).

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