law merchant
law merchant n: the commercial rules developed under English common law that influenced modern commercial law and that are referred to as supplementing rules set down in the Uniform Commercial Code and in state codes

Merriam-Webster’s Dictionary of Law. . 1996.

law merchant
the international practice of merchants relating to commercial and maritime matters that has been judicially recognised and, as such, absorbed into the common laws of England and Scotland. 'When a general usage has been judicially ascertained and established, it becomes a part of the law merchant, which courts of justice are bound to know and recognise' – per Lord Campbell in Brandao v . Barnett (1846) 12 Cl&F 787 at 805.

Collins dictionary of law. . 2001.


law merchant
The 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.

Dictionary from West's Encyclopedia of American Law. 2005.


law merchant
The 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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • Law merchant — Law Law (l[add]), n. [OE. lawe, laghe, AS. lagu, from the root of E. lie: akin to OS. lag, Icel. l[ o]g, Sw. lag, Dan. lov; cf. L. lex, E. legal. A law is that which is laid, set, or fixed; like statute, fr. L. statuere to make to stand. See… …   The Collaborative International Dictionary of English

  • law merchant — n. 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 …   English World dictionary

  • Law Merchant — The Law Merchant is a legal system used by merchants in medieval Europe, including England. Rather than being the result of the edict of a final authority, it was evolved based on common usage.OriginsThe Law Merchant, or Lex Mercatoria , was… …   Wikipedia

  • law merchant — noun the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence (Freq. 2) • Syn: ↑mercantile law, ↑commercial law • Topics: ↑law, ↑jurisprudence • Hypernyms: ↑ …   Useful english dictionary

  • law merchant — A body of commercial law embracing the usages of merchants in different commercial countries, but not resting exclusively on the institutions and local customs of any particular country, consisting of certain principles of equity and usages of… …   Ballentine's law dictionary

  • law merchant — the principles and rules, drawn chiefly from custom, determining the rights and obligations of commercial transactions; commercial law. [1615 25] * * * ▪ medieval European law       during the Middle Ages, the body of customary rules and… …   Universalium

  • law merchant — Body of law governing commercial transactions which had its origin in common law of England regulating merchants. See U.C.C. No. 1 103. See also commercial law mercantile law Uniform Commercial Code …   Black's law dictionary

  • law-merchant — lawˈ merˈchant noun (obsolete) The customs that have grown up among merchants in reference to mercantile documents and business, commercial law • • • Main Entry: ↑law …   Useful english dictionary

  • law merchant — law′ mer′chant n. bus law the customary principles and rules determining the rights and obligations of commercial transactions …   From formal English to slang

  • law merchant — noun (plural laws merchant) Date: 15th century the legal rules formerly applied to cases arising in commercial transactions …   New Collegiate Dictionary

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