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law merchant

   Also found in: Legal, Encyclopedia, Wikipedia 0.02 sec.
law merchant
n. pl. laws merchant
A body of principles and regulations applied to commercial transactions and deriving from the established customs of merchants and traders rather than the jurisprudence of a particular nation or state.
law merchant
n
(Business / Professions) Mercantile law the body of rules and principles determining the rights and obligations of the parties to commercial transactions; commercial law
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.law merchant - the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence
commercial law, mercantile law
law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order"


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The UCC is based on business necessity and is an effective alternative to complete federalization to the law merchant.
Protecting gun makers from lawsuits: although the new legislation ... by Williamsen, Kurt / The New American
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