Nature of Commercial Law
Sources of Commercial Law
Natural Person
100

Which Commercial Law Theory did Bahrain adopt? 

Harmonization - both Material and Personal

100

Which of the below legal systems was adopted by Bahrain: 

- Latin Legal System 

- Anglo-Saxon Legal System 

Latin Legal System 

100
At what age is a person commercially capacitated? 

Eighteen (18) years

200

A Branch of law which is concerned with rights and duties arising from the supply of goods and services in the way of trade.

Commercial Law

200

What is a term that is similar to customs but is not a source of commercial law in Bahrain? 

Usages

200
How does a person who does not have capacity gain his capacity back? 
  • If not having legal capacity is due to Limitation to Age - The Minor gains his legal capacity at the age of 21 years. 
  • If not having legal capacity is due to Limitation to Mental Health - The mentally ill natural person gains his legal capacity upon a decision by the Sharia Courts based on medical reports proving recovery.
300

True or False 

According to the Material Theory commercial law is only applied to persons who are professionally involved in trade.

False. 

300

What are the three types of Commercial Legislations? 

Domestic, Regional, and International
300

What are the two general rules for a person to enter into a contract?

1) reaches full age of 21 years old, and 

(2) his capacity is not withdrawn or restricted by law.

400

What is Lex Mercatoria? 

Law of Merchants - based on general customs and practices of merchants which were common throughout Europe and was applied almost uniformly by the merchant courts in different countries.

400

What are the Seven Sources of Commercial Law? (in order) 

  • Commercial Legislation
  • Commercial Contracts
  • Commercial Customs 
  • Civil Law
  • Islamic Sharia 
  • Principles of Natural Law
  • Rules of Equity 
400

What are the four (4) Mental Health Impediments? 

Insanity

Imbecility

Feeble - mindedness

Prodigality

500

What is the Acceptance of Stoppage in Transit? 

When a seller stops goods that are on their way to a buyer, usually because the buyer can't pay (is insolvent).

500

What is the difference between Mandatory and Supplementary Commercial Legislation? 

“Mandatory Rules” – legal rules in law that are binding and parties cannot agree against these rules.

“Supplementary Rules” – legal rules in law that serve as an explanatory text for the legislator or the parties of the contract.

500

What are the conditions for a minor under the age of discretion to continue trading? 

  • There is a court order for continuation of Trade.
  • The performance is conducted by the guardian provided they are given the authority to do so.
M
e
n
u