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In order to establish himself as a merchant a man needed to be free from feudal commitments; he needed financial wealth; he needed contacts among the merchant and seafaring community; he needed to know his goods in order to tell good quality from bad quality and avoid being tricked; he needed a place for storage and suitable sales outlets; he needed to know local laws and regulations on the import and export of goods, payment of taxes, prohibited goods and so on.

For these reasons it was often the son of a merchant who took over his father's business when he retired or died. This allowed him to simply take over where the father left off, with all the contacts and trade knowledge he needed.

We know from the wills of medieval merchants that businesses were often legally transferred to an eldest son.

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13y ago

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