law merchant

From Wiktionary, the free dictionary
Jump to navigation Jump to search

English[edit]

Etymology[edit]

Calque of Latin lex mercatoria

Noun[edit]

law merchant (countable and uncountable, plural laws merchant)

  1. (historical) A body of commercial law.
    • 1777, Richard Brinsley Sheridan, The School for Scandal, II.ii:
      Yes Madam, I would have Law Merchant for that too—and in all cases of slander currency, whenever the Drawer of the Lie was not to be found, the injured Party should have a right to come on any of the indorsers.
    • 1890, Session Laws of the State of Washington, page 11:
      [] protesting bills of exchange and promissory notes, and such other duties as pertain to that office by the custom and laws merchant; ( 2 ) to take acknowledgments of all deeds and other instruments []