law merchant

law merchant. A system of customary law that developed in Europe during the Middle Ages and regulated the dealings of mariners and merchants in all the commercial countries of the world until the 17th century. • Many of the law merchant’s principles came to be incorporated into the common law, which in turn formed the basis of the Uniform Commercial Code. — Also termed commercial law; lex mercatoria.
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法律翻译晓琳,国际知名商学院金融专业,专注翻译各类与金融服务与投资管理有关的法律文件。