law merchant definition

  • noun:
    • A body of maxims and laws put on commercial deals and deriving from founded customs of merchants and traders rather than the jurisprudence of a particular nation or state.
    • something of principles where trade and commerce are regulated; -- deduced from customized of merchants, and managed by judicial decisions, as additionally by enactments of legislatures.
    • the human body of principles applied to commercial transactions; produced by the methods of dealers rather than from jurisprudence

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  • Definition for "law merchant"
  • Hypernym for "law merchant"
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