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Benvenuto Stracca, 1509-1578.
16th Century Italian jurist.
Benvenuto Stracca (or Straccha), a jurist from Ancona, is often regarded as the father of commercial law, separate from civil or canon law. Stracca's De Mercatura, was essentially a study of customary merchant practice which doubled as a handbook of commercial ethics. His original treatuse focused on merchants and merchant contracts, practices and maritime rights, to which he soon added extensive discussions of bankruptcy (1553), factors and commissions (1558), third party transfers (1569), and insurance (1569), all published together from 1575 on. Pedro Santerna's treatise on insurance was frequently appended in editions of Stracca's work.
Although a stern moralist and archaically connected of Scholastic concepts of justice, and quite severe in the treatment of certain topics such as bankruptcy, by outlining what is or what is not ethical in a mercantile context, Stracca's work nonetheless opened the way for the acceptance of commerce as a whole as a legitimate and morally-acceptable activity.
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