Meaning Of The Word Law merchant

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Law merchant Meaning

Law merchant Definition
Law merchant Definition

What's The Definition Of Law merchant?

law merchant in American English
all the rules and usages originating in the customs of merchants and now applied to dealings in trade and commerce, where not changed by statute; mercantile or commercial law
noun: the principles and rules, drawn chiefly from custom, determining the rights and obligations of commercial transactions; commercial law

law merchant in British English
noun: the body of rules and principles determining the rights and obligations of the parties to commercial transactions; commercial law

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