Texas Law The University of Texas School of Law

Banking law and financial regulation set minimum standards on the amounts of capital banks must hold, and rules about best practice for investment. This is to insure against the risk of economic crises, such as the Wall Street Crash of 1929. Lord King LC was worried that trustees might exploit opportunities to use trust property for themselves instead of looking after it.

• Sociology of law is a diverse field of study that examines the interaction of law with society and overlaps with jurisprudence, philosophy of law, social theory and more specialised subjects such as criminology.
• The Law Merchant, a precursor to modern commercial law, emphasised the freedom to contract and alienability of property.
• Hugo Grotius, the founder of a purely rationalistic system of natural law, argued that law arises from both a social impulse—as Aristotle had indicated—and reason.
• See original text in Perseus program Archived 8 October 2008 at the