The role of actions with the transposition formula in the development of Roman business law

Abstract

Towards the end of the Republic, the Roman state experienced an unprecedented development. The Roman business environment needed flexible legal documents, able to keep up with the fast pace imposed by commercial documents. The legal acts of the old Roman Law did not correspond to the requirements of the exchange economy, as they were cumbersome and formal. The Romans were conservative and did not easily accept deviation from the rigors of the old Roman Private Law. For this reason, they created a new procedural system, the formal procedure, with the help of which they managed to update the norms of Roman Law. One of the most interesting legal procedures specific to this system was the action with the formula with transposition, because in this way the lawyers contributed to the development of Roman business law.