Commentary

1 Nature of markets and fairs

MARKETS AND FAIRS vol 26(2)B
| Commentary

1 Nature of markets and fairs

| Commentary

Commentary

A: NATURE AND CREATION OF MARKETS

1 Nature of markets and fairs

A market at common law is the franchise right to hold a concourse of buyers and sellers to dispose of commodities in respect of which the franchise is given1.

A market and a fair are of a similar nature and a fair has been said to be ‘a great sort of market’2. Usually, fairs are held annually or on only a few occasions in the year and amusements have a recognised place in a fair3. A market, on the other hand, is usually held weekly on one or more

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