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

question 7

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

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Definitions:

Looking Glass Self

A concept in social psychology suggesting that an individual's self-concept is influenced by how they believe others perceive them.

Generalized Other

A conception of the attitudes and expectations held in common by the members of the organized groups with whom one interacts.

Acting Reflexively

Responding or reacting automatically to stimuli without conscious thought.

Peripheral Membership

A form of association where individuals are marginally involved or partially included in a group or organization.