law merchant

noun
plural laws merchant

Definition of law merchant

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

Examples of law merchant in a Sentence

Recent Examples on the Web The rules governing commerce between nations, themselves derived from the law merchant, are a perfect example of non-governmental law. Alexander William Salter, National Review, "The Artemis Accords: A Giant Leap for Space Commerce," 6 Nov. 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'law merchant.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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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Cite this Entry

“Law merchant.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/law%20merchant. Accessed 19 Jan. 2021.

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More Definitions for law merchant

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

More from Merriam-Webster on law merchant

Britannica.com: Encyclopedia article about law merchant

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