mercantile law


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mercantile law (commercial law)

n. that broad area of the law, statutes, cases and customs, which deals with trade, sales, buying, selling, transportation, contracts and all forms of business transactions. Much of the law of business transactions is covered by the Uniform Commercial Code which has been adopted almost universally in the United States. (See: commercial law, Uniform Commercial Code, seller, contract, corporation)

References in periodicals archive ?
preserved in his notes, Bradford appealed to mercantile law and custom
Many of the doctrines and principles of mercantile law are universally recognized and today constitute a part of the domestic law of every nation-state.
A third importation from Roman law came later: the mercantile law of the bankers and the traders of the Continent.