What does mercantile law mean?

Definitions for mercantile law
mer·can·tile law

This dictionary definitions page includes all the possible meanings, example usage and translations of the word mercantile law.

Princeton's WordNet

  1. mercantile law, commercial law, law merchantnoun

    the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence

Wikipedia

  1. mercantile law

    Lex mercatoria (from the Latin for "merchant law"), often referred to as "the Law Merchant" in English, is the body of commercial law used by merchants throughout Europe during the medieval period. It evolved similar to English common law as a system of custom and best practice, which was enforced through a system of merchant courts along the main trade routes. It developed into an integrated body of law that was voluntarily produced, adjudicated and enforced on a voluntary basis, alleviating the friction stemming from the diverse backgrounds and local traditions of the participants. Due to the international background local state law was not always applicable and the merchant law provided a leveled framework to conduct transactions reducing the preliminary of a trusted second party. It emphasized contractual freedom and inalienability of property, while shunning legal technicalities and deciding cases ex aequo et bono. With lex mercatoria professional merchants revitalized the almost nonexistent commercial activities in Europe, which had plummeted after the fall of the Roman Empire.In the last years new theories had changed the understanding of this medieval treatise considering it as proposal for legal reform or a document used for instructional purposes. These theories consider that the treatise cannot be described as a body of laws applicable in its time, but the desire of a legal scholar to improve and facilitate the litigation between merchants. The text is composed by 21 sections and an annex. The sections described procedural matters such as the presence of witnesses and the relation between this body of law and common law. It has been considered as a false statement to define this as a system exclusively based in custom, when there are structures and elements from the existent legal system, such as Ordinances and even concepts proper of the Romano-canonical procedure. Other scholars have characterized the law merchant as a myth and a seventeenth-century construct.

ChatGPT

  1. mercantile law

    Mercantile law, also known as commercial law or trade law, is a broad area of law that applies to the rights, relations, and conduct of individuals and businesses involved in commerce, merchandising, trade, and sales. It includes both domestic and international aspects, and covers issues such as business contracts, hiring practices, consumer goods, banking transactions, bankruptcy, and real estate. Essentially, it governs all commercial transactions and dealings.

Matched Categories

How to pronounce mercantile law?

How to say mercantile law in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of mercantile law in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of mercantile law in Pythagorean Numerology is: 1

Translation

Find a translation for the mercantile law definition in other languages:

Select another language:

  • - Select -
  • 简体中文 (Chinese - Simplified)
  • 繁體中文 (Chinese - Traditional)
  • Español (Spanish)
  • Esperanto (Esperanto)
  • 日本語 (Japanese)
  • Português (Portuguese)
  • Deutsch (German)
  • العربية (Arabic)
  • Français (French)
  • Русский (Russian)
  • ಕನ್ನಡ (Kannada)
  • 한국어 (Korean)
  • עברית (Hebrew)
  • Gaeilge (Irish)
  • Українська (Ukrainian)
  • اردو (Urdu)
  • Magyar (Hungarian)
  • मानक हिन्दी (Hindi)
  • Indonesia (Indonesian)
  • Italiano (Italian)
  • தமிழ் (Tamil)
  • Türkçe (Turkish)
  • తెలుగు (Telugu)
  • ภาษาไทย (Thai)
  • Tiếng Việt (Vietnamese)
  • Čeština (Czech)
  • Polski (Polish)
  • Bahasa Indonesia (Indonesian)
  • Românește (Romanian)
  • Nederlands (Dutch)
  • Ελληνικά (Greek)
  • Latinum (Latin)
  • Svenska (Swedish)
  • Dansk (Danish)
  • Suomi (Finnish)
  • فارسی (Persian)
  • ייִדיש (Yiddish)
  • հայերեն (Armenian)
  • Norsk (Norwegian)
  • English (English)

Word of the Day

Would you like us to send you a FREE new word definition delivered to your inbox daily?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"mercantile law." Definitions.net. STANDS4 LLC, 2024. Web. 29 Mar. 2024. <https://www.definitions.net/definition/mercantile+law>.

Discuss these mercantile law definitions with the community:

0 Comments

    Are we missing a good definition for mercantile law? Don't keep it to yourself...

    Image or illustration of

    mercantile law

    Credit »

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    pleasing in appearance especially by reason of conformity to ideals of form and proportion
    A transparent
    B reassuring
    C handsome
    D suspicious

    Nearby & related entries:

    Alternative searches for mercantile law: