Mercantile Law (Noun)
Meaning
The body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence.
Classification
Nouns denoting groupings of people or objects.
Examples
- The mercantile law governing international trade agreements was complex and often open to interpretation.
- She studied mercantile law in college and landed a job at a prestigious financial firm.
- The shipping company's lawyer specialized in mercantile law and was able to navigate the nuances of maritime trade agreements.
- The new startup's e-commerce platform had to comply with various mercantile laws and regulations.
- In the 18th century, the British empire's mercantile law played a significant role in shaping the country's economic policies.