Commercial Custom

Commercial Custom

 

in international trade, any rule adopted through actual observance over an extended period of time. Such custom is considered a source of law if it is in some form sanctioned by the state, as when reference is made to commercial custom in legislation or when it is applied in judicial practice. In the USSR, the general basis for application of commercial custom is found in the appropriate articles of the civil codes of the Union republics, such as Article 168 of the Civil Code of the RSFSR. According to that article, in the absence of statutory guidance, a planning document, or an actual contract, obligations must be fulfilled in a manner that meets customary requirements.

References in periodicals archive ?
Work is from commercial custom contracts for steel stairs, beams, and railings for multi-story buildings.
Click2learn transfers commercial custom development to NIIT
NIIT will acquire the assets of Click2learn's custom development business and will be Click2learn's exclusive commercial custom development partner.
Click2learn will transition all current commercial custom development projects and related assets to NIIT over the next two months.

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