Contract law in ancient Babylon

Description

This Skill Bit talks about ancient Babylon, where under King Hammurabi’s rule, contract law was codified in the renowned Code of Hammurabi, offering invaluable insights into ancient legal practices. Clay tablets sealed by parties and witnessed by officials served as binding contracts, covering a broad spectrum of transactions from sales to loans. Specific performance and penalties ensured contract enforcement, highlighting Babylon’s commitment to orderly commerce. This foundational legal system’s enduring influence underscores the timeless principles of clarity, consent, and fairness in contractual relationships.

Duration approx. 5 Min.

Tier: proficiency