Under the Privileges and Immunities Clause, the Federal Government Has

question 61

True/False

Under the privileges and immunities clause, the federal government has the power to regulate commercial activities among the states.

---

Definitions:

Lex Mercatoria

Lex Mercatoria, also known as the law merchant, is a body of commercial law used by merchants throughout Europe during the medieval period, forming the basis of modern commercial law.

Commercial Money Market

A segment of the financial market where commercial banks and other institutions lend and borrow short-term, high-quality debt securities.

Unconditionally

Without any conditions or limitations; absolutely.

Draft

A preliminary version of a piece of writing or document that is open for discussion, modification, or approval.