law merchant
law merchant
law merchant
law′ mer′chant
n.
| Noun | 1. | law merchant - the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence |
| 单词 | law merchant | |||
| 释义 | law merchantlaw merchantlaw merchantlaw′ mer′chantn.
law merchantlaw merchant:see commercial lawcommercial law,the laws that govern business transactions, except those relating to the maritime transportation of goods (see maritime law). Commercial law developed as a distinct body of jurisprudence with the beginning of large-scale trade. ..... Click the link for more information. . law merchantLaw MerchantThe system of rules and customs and usages generally recognized and adopted by traders as the law for the regulation of their commercial transactions and the resolution of their controversies. The law merchant is codified in the Uniform Commercial Code (UCC), a body of law, which has been adopted by the states, that governs mercantile transactions. law merchantthe international practice of merchants relating to commercial and maritime matters that has been judicially recognized and, as such, absorbed into the common laws of England and Scotland.law merchant
Synonyms for law merchant
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