Topic > English commercial law: the codification of...

The Lex mercatoria was an international commercial law that regulated trade and disputes based on the habits and customs of merchants. In the nineteenth century, mercantile law was fully incorporated into common law, but the development of commercial law led to a mass of conflicting jurisprudence. Following recommendations from the business community, European countries have begun to streamline business law through building codes. English law did not follow this path, but instead adopted a series of Acts of Parliament focused on specific areas, such as the Bills of Exchange Act 1882 and the Sale of Good Act 1893. Ultimately, the rise of consumerism forced Parliament to recognize the separation of certain commercial transactions and to adopt an interventionist approach that aimed to create a set of laws that protect consumers, such as the Unfair Contract Clauses ACT 1977 and the Consumer Protection Act. 1987