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law merchant

   Also found in: Dictionary/thesaurus, Legal, Wikipedia 0.06 sec.
law merchant: see commercial law commercial law, the laws that govern business transactions, except those relating to the maritime transportation of goods (see maritime law ). Commercial law developed as a distinct body of jurisprudence with the beginning of large-scale trade.
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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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