Great Britain -- Economic conditions; Great Britain -- Social conditions
Further, that every contract entered upon by those merchants with any
persons soever, whencesoever they be, touching any sort of merchandise,
shall be valid and stable, so that neither of the merchants can withdraw
or retire from that contract after God's penny shall have been given and
received between the principal contracting persons; and if by chance a
dispute arise on such a contract, proof or inquisition shall be made
thereof according to the uses and customs of the fairs and towns where
the said contract shall happen to be made and entered upon.
Further, we promise to the aforesaid merchants for us and our heirs for
ever, granting that we will in no wise make or suffer to be made
henceforth any prise or arrest or delay on account of prise of their
wares, merchandise or other goods by us or another or others for any
necessity or case against the will of the same merchants, save upon
immediate payment of the price for which the merchants can sell such
wares to others, or upon satisfaction otherwise made to them, so that
they hold themselves contented; and that no valuation or estimation be
set by us or our ministers on their wares, merchandise or goods.
Further, we will that all bailiffs and ministers of fairs, cities,
boroughs and market-towns do speedy justice to the merchants aforesaid
who complain before them from day to day without delay according to the
Law Merchant touching all and singular plaints which can be determined
by the same law; and if by chance default be found in any of the
bailiffs or ministers aforesaid whereby the same merchants or any of
them shall sustain the inconveniences of delay, although the merchant
recover his damages in principal against the party, nevertheless the
bailiff or other minister shall be punished in respect of us as the
guilt demands, and that punishment we have granted by way of favour to
the merchants aforesaid to hasten justice for them.
Further, that in all sorts of pleas, saving the ease of crime for which
the penalty of death shall be inflicted, where a merchant shall be
impleaded or shall implead another, of whatsoever condition he who is
impleaded shall be, stranger or native, in fairs, cities, or boroughs,
where there shall be a sufficient number of merchants of the aforesaid
lands, and inquest should be made, one moiety of the inquest shall be of
the same merchants, and the other moiety of other good and lawful men of
that place where that plea shall happen to be, and if a sufficient
number of merchants of the said lands be not found, there shall be put
on the inquest those who shall be found there fit, and the residue shall
be of other men good and fit of the places in which that plea shall be.
Public-domain text, read in full here on John Shaqi.
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