law merchant

plural laws merchant

Definition of law merchant

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

First Known Use of law merchant

15th century, in the meaning defined above

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The first known use of law merchant was in the 15th century

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law merchant


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

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