영국법상 환어음에 대한 유통법리의 형성과정

British history of the negotiable instrument act is the history of the transition with the development of the commercial court in competent jurisdiction. The process on the negotiable doctrine of Bills of Exchange is in the center of the history of negotiable instruments. In the progress of Bills of Exchange Law, we can find that the simple debt document proving payment claims develops into the valuable paper and moreover the negotiable instruments to be free from the defects of the previous parties. The UK Commercial Courts would be divide into the Fair Court, the Staple Court, the Admiralty Court and the Common Court in the base of the court of jurisdiction and the activity time. In the course of these developments of the courts of jurisdictions, the negotiable doctrine of the Bill of Exchange also has been progressed from the transfer law to the negotiation law and the objects of negotiable doctrine also have been extended from the trade of merchants to the trade of non-merchants. First, even if the previous period of Common Court was usually the formativeage of negotiable doctrine on the bill of exchange, it is not different to thetransfer rule of common claims. However, Since the period of the Common Courthas come with the start of the industrial revolution and the growth of capitalistindustrial society, the trade system of bills also has changed from the relations ofthree partners to the structure of multi-partners through the continuous circulationof bills of exchange. Therefore the doctrine of holder in due course also has beenestablished in order to protect the negotiability of the bills of exchange.