Dictionary

law merchant en · NOUN

Etymology

Calque of Latin lex mercatoria

Meanings

1. (countable, historical, uncountable) A body of commercial law.
   • 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. 1777, Richard Brinsley Sheridan, The School for Scandal, II.ii:
   • […] 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 […] 1890, Session Laws of the State of Washington, page 11:

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