Lex Mercatoria

Lex Mercatoria originated the “Writing Obligatory” which refers to as ?

• Fiat, Checks, Promissory notes

• Insurance, Partnership, Contracts

• Trademarks, Jurisprudence, Common Law

• Bills of Exchange, Checks, and Promissory Notes

Lex Mercatoria means?

• Merchant Law

• Merchant Customs

• Sales Law

• Trade Customs

The following were incorporated into commercial law from the jurisprudence of Mansfield, except?

• Trademarks

• Contracts

• Marriage

• Insurance

The 1766 book, “Wealth of Nations” was written by whom?

• John Adams, Fathers of Economics

• Adam Sandler, Father of Economics

• Adam Smith, Father of Economics

• Adam Jones, Father of Economics

The economy system favored by Ayn Rand?

• Mixed market

• Laissez-Faire

• Socialism

• Communism

Where did the Philippines introduce the Filipino First Policy?

• Freedom Constitution

• 1987 Constitution

• 1935 Constitution

• 1973 Constitution

These two schools adopt identical assumptions concerning the behavior of private individuals but differ in their assumptions concerning the behavior of public officials.

• Policy analysis and Political Economy

• Normative Economic and Positive Economic

• Policy analysis and Normative Economic

• Political Economy and Positive Economic

That if a drawee bank pays a forged check which was previously accepted or certified by the said bank it cannot recover from a holder who did not participate in the forgery and did not have actual notice thereof;

• TRUE

• FALSE