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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译员William,毕业于欧洲顶尖的高级翻译学院,专注翻译各种与区块链技术与数字货币有关的法律文件。