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Simple English definitions for legal terms

consuetudo mercatorum

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A quick definition of consuetudo mercatorum:

Term: CONSUETUDO MERCATORUM

Definition: Consuetudo mercatorum is a Latin term that means "the custom of merchants." It refers to the set of rules and practices that governed commercial transactions between merchants in medieval Europe. This was also known as law merchant, which was a body of commercial law that developed independently of national legal systems.

A more thorough explanation:

Definition: Consuetudo mercatorum is a Latin term that means "the custom of merchants." It refers to the practices and customs that have developed over time within the merchant community. This term is often used interchangeably with the term "law merchant."

Examples: One example of consuetudo mercatorum is the practice of using bills of exchange to facilitate international trade. Another example is the use of trade terms such as FOB (free on board) and CIF (cost, insurance, and freight) to specify the responsibilities of buyers and sellers in a transaction.

Explanation: These examples illustrate how consuetudo mercatorum refers to the customs and practices that have developed within the merchant community. The use of bills of exchange and trade terms are not necessarily required by law, but they have become widely accepted as standard practices within the industry. These customs help to facilitate trade and ensure that transactions are conducted smoothly and efficiently.

consuetudo curiae | consul

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ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
WorthlessAttractiveZombie
7:44
My berkeley paragraph finally disappeared. I definitely think it is just an indicator that they are actively reviewing files, and does not mean anything about A, WL, or Rs
WorthlessAttractiveZombie
7:46
Also has anyone's date disappeared for W&L? Mine did last night
7:55
@WorthlessAttractiveZombie: mine did yesterday morning
7:56
Oops sorry I meant Vilanova. Mine disappeared last week
soapy
8:48
UMN under review! As predicted, decisions are gonna come out early December
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