The English system of market overt and fairs
A) were initially transferred to American shores where goods and services could be bought and sold legally without an official witness
B) flourished in the late colonial economy because of their foundation of protective regulations.
C) replaced the rule of caveat emptor in colonial America because they covered fraud.
D) firmly planted themselves in colonial America and continue to guide market transactions today.

Question

Quizplus · Accepted Answer

Market overt and fairs were established in medieval England as places where goods and services could be bought and sold legally without the need for an official witness. This concept was then transferred to American shores and has continued to guide market transactions today.

The English System of Market Overt and Fairs