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law merchant

noun
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Definition of law merchant

plural laws merchant
: the legal rules formerly applied to cases arising in commercial transactions

First Known Use of law merchant

15th century

Law Dictionary

law merchant

noun

legal Definition of law merchant

: the commercial rules developed under English common law that influenced modern commercial law and that are referred to as supplementing rules set down in the Uniform Commercial Code and in state codes

Learn More about law merchant

  1. Britannica.com: Encyclopedia article about law merchant

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