Statutes Staple
English Law: Statutes Staple in the Past
The statute of the staple, 27 Ed. HI. stat. 2, confined the sale of all commodities to be exported to certain towns in England (see more about this legal system) , called estaple or staple, where foreigners might resort. It authorized a security for money, commonly called statute staple, to be taken by traders for the benefit of commerce; the mayor of the place is entitled to take a recognizance of a debt, in proper form, which has the effect to convey the lands of the debtor to the creditor, till out of the rents and profits of them he may be satisfied. 2 Bl. Com. 160; Cruise, Dig. tit. 14, s. 10; 2 Rolle’s Ab. 446; Bac. Ab. Execution, B. 1 4 Inst. 238. [1][rtbs name=”history-of-english-law”]
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Notes and References
- Partialy, this information about statutes staple is based on the Bouvier´s Law Dictionary, 1848 edition. There is a list of terms of the Bouvier´s Law Dictionary, including statutes staple.
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