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At the global level, international law is of great importance, whether created by the practice of sovereign states or by agreement among them in the form of treaties and other accords. The defence of innocent purchase for value in an open market was certainly good against a criminal charge of theft, but it was only at the close of the fifteenth century that it gave a good title to the purchaser against the original owner; this rule was virtually reached by 1473 and was settled a century later. 3 Caveat emptor had already become a policy of the law. 4 We also find that impeding a sale gave rise to an action in tort; some simple cases on partnership appear; brokers figure prominently both as binding their principals in contract and also as suing for their fees and commission—and in this last connection lawyers are on the same footing.
Pages: 596
Publisher: Nabu Press (March 15, 2010)
ISBN: 1147302561
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