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| | Lex Mercatoria |
 | | Second, it is used to distinguish the so-called unwritten law, that is, traditional law, law which from custom has become the law of the land, from the statute law or law declared by parliament. |
 | | The Law Merchant The history of the law merchant or Lex Mercatoria is therefore really the history of private international law which grew in great degree out of the transactions between different nations. |
 | | As heads of the Guild, the consules mercatorum administered the law, but the city magistrates were under a strict obligation to which they had to swear on entering upon their office, to aid if necessary, the Guild Consuls with all the powers of the state in securing the execution of their judicial sentences. |
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