This book reflects what is taught as “Commercial Law” at one of the five Scottish law faculties. As Professor Forte, the editor, points out in his preface, “No two commercial lawyers today are likely to agree on what constitutes commercial law, let alone agree on what might be the contents of a book on the subject”. This is indeed a poignant reflection on a common dilemma for Scottish commercial law teachers. Unlike their English counterparts, the five Scottish law “faculties” are required to teach “Mercantile” or “Commercial” Law (the words, etymologically and in usage are so close that they are interchangeable) for accreditation of their LL.B. degrees by the Law Society of Scotland and the Faculty of Advocates. Scottish law teachers generally assume that into this