BUSINESS PARTNERSHIPS IN FRANCE BEFORE 1807.
In 1669 the merchants of Paris, feeling the need of an improved body of commercial law, applied to the king, Louis XIV, for constructive action. The commercial law which the Ordinance of 1673 established in France was from this time on founded on bases so solid and usages so broad and so rational that not only did the Ordinance suffice up to the end of the old regime for the affairs which it controlled, but also the "Code de Commerce," which was promulgated in 1807 and which, with the exceptions of certain parts such as the chapter on failures and bankruptcies, is still in force, made very numerous borrowings from it and even often textually reproduced its articles. The Ordinance of 1673 dealt with the topic "Des Sociétez" in Title IV, which contained fourteen articles. Individuals at an early period in European business history grouped themselves together for collective trading in the fields of banking, tax farming, ordinary trade or trade overseas. The Roman law had established the principle that any partner acting as such within the limits of the legitimate objectives of the enterprise might bind the society.
- DOI
- 10.2308/tar-8594464
- Volume
- 7 (4)
- Pages
- 242-257
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref