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

Related Sources

  • Hypernym for "law merchant"
53 votes

How would you define law merchant?

All the definitions on AZdictionary were written by people just like you. Now's your chance to add your own!