Although Money Lending Was an Important Factor in the Commercial

question 57

Multiple Choice

Although money lending was an important factor in the commercial success of Europe in this period:

• A) merchants had to procure loans from Muslim bankers, as such wealth was not available in Europe.
• B) the Church taught that all merchants were beyond God's favor.
• C) northern medieval towns prospered instead, because of the traditional landed aristocracy.
• D) the papacy refused to borrow money in the Middle Ages.
• E) the Western Christian church condemned the practice as usurious.

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Definitions:

UCC

A set of detailed legislative provisions known as the Uniform Commercial Code is designed to oversee commercial activities across the United States.

Negotiable Instruments

Legal documents guaranteeing the payment of a specific amount of money, either on demand or at a set time, with the payer named on the document.

Article 3

This term could refer to various documents, but generally pertains to a section or part within a larger document that outlines specific provisions or regulations.

Negotiability

The characteristic of a document, such as a check or bill of exchange, that allows it to be transferred or endorsed from one party to another in legal transactions.