Definition of Law merchant

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TeachMeFinance.com - explain Law merchant




historic definition...

Law merchant -- The body of commercial usages or rules recognized by civilized nations as regulating the rights of persons engaged in trade.

historic accounting definition (British)...

Law merchant, mercantile law, or lex mercatoria all meaning the same thing is, in a general sense, that body of usages and customs recognised amongst merchants and gradually incorporated in and added to the common law of the realm.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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