The Ancient Lex Mercatoria, or Law of Merchants, of England

Multiple Choice

The ancient Lex mercatoria, or law of merchants, of England recognized that agreements could be paid for with documents that promised payment and that these documents themselves could then be circulated ________.

A) as a King's document
B) as a bank draft
C) as a substitute for money
D) as a substitute for payment
E) as a court order