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For criticism, see Peter Birks’ poignant comments attached to a earlier version of the Notice to Law Schools Archived 20 June 2009 on the Wayback Machine. The law of company, insurance coverage law, bills of change, insolvency and chapter law and gross sales law are all essential, and hint again to the medieval Lex Mercatoria. The UK Sale of Goods Act 1979 and the US Uniform Commercial Code are examples of codified widespread law commercial ideas. Lord King LC was apprehensive that trustees may exploit opportunities to make use of belief property for themselves as an alternative of taking care …