Chapter 1 Self-test questions

* not completed

. Party autonomy is a vital component of our system of commercial law. In order to provide party autonomy, the courts place great emphasis on two legal concepts. Identify these two concepts from the list below.

Sanctity of contract correct incorrect

Privity of contract correct incorrect

Freedom of contract correct incorrect

Efficient dispute resolution correct incorrect

* not completed

. The origins of our system of commercial law can be found in a medieval body of laws known as the _______.

Your response

* not completed

. The incorporation of the lex mercatoria was completed by which judge?

Lord Mansfield CJ correct incorrect

Lord Holt CJ correct incorrect

Lord Coke CJ correct incorrect

Lord Denning MR correct incorrect

* not completed

. Which one of the following Acts of Parliament is no longer in force?

Bills of Exchange Act 1882 correct incorrect

Factors Act 1889 correct incorrect

Partnership Act 1890 correct incorrect

Sale of Goods Act 1893 correct incorrect

Marine Insurance Act 1906 correct incorrect

* not completed

. What is the principal source of commercial law?

Contract law correct incorrect

Custom and usage correct incorrect

Domestic legislation correct incorrect

Case law correct incorrect

Equity correct incorrect

International law correct incorrect