law merchant

noun

1. the principles and rules, drawn chiefly from custom, determining the rights and obligations of commercial transactions; commercial law.

law merchant

noun

1. mercantile law the body of rules and principles determining the rights and obligations of the parties to commercial transactions; commercial law

Word History and Origins

Origin of law merchant¹

First recorded in 1615–25

Example Sentences

That collection of customs known as "The Law Merchant" is an example of a source of this class.

From Project Gutenberg

The absorption of the law merchant was complete in its main lines although in details it went on for two decades.

From Project Gutenberg

How do we happen to recognize the rules of the law merchant?

From Project Gutenberg

The law-merchant would experience no difficulty in adjusting a matter of this sort.

From Project Gutenberg

This statute compelled the general recognition of the Law Merchant.

From Project Gutenberg