NOUN
- the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence
How To Use law merchant In A Sentence
- As a special background of legal and acted as the constitutive law, The Statute Law of Qing dynasty had an important effect to the Law Merchant.
- It administered the customary law merchant.
- Rules for Cases Not Provided for in this Act In any case not provided for in this act the rules of law and equity, including the law merchant, shall govern.
- Rules for Cases Not Provided for in this Act In any case not provided for in this act the rules of law and equity, including the law merchant, shall govern.
- From the seventeenth century onwards the customs of merchants and many of the rules of the law merchant were incorporated into the common law.
- As a special background of legal and acted as the constitutive law, The Statute Law of Qing dynasty had an important effect to the Law Merchant.
- The law of bills, notes, checks, and certificates of deposit came from the law merchant by way of England, was modified in America, and was stabilized and somewhat Anglified by decisions and scholarly writings before 1850. A History of American Law
