Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

in re mercatoria

Read a random definition: mutuality doctrine

A quick definition of in re mercatoria:

In re mercatoria: In Scots law, this Latin phrase means that documents related to a business transaction do not need to follow the usual formalities to be considered valid and binding. This is because these documents are often prepared quickly and by people who may not be familiar with the formalities of legal documents. They are given special privilege because they are necessary for immediate use in business transactions.

A more thorough explanation:

Term: In re mercatoria
Definition: In Scots law, this term refers to documents related to a business transaction that do not require the usual formalities to be legally binding. This is because they are often prepared quickly and by people who may not be familiar with the formalities of legal documents.
Example: A handwritten agreement between two merchants to buy and sell goods would be considered in re mercatoria. Even though it may not have been written on official legal paper or signed in front of a notary, it would still be legally binding because it was made in the course of a business transaction. This is because the law recognizes that in the fast-paced world of business, it is not always practical to follow all the usual formalities of legal documents.

in rebus litigiosis | in rem judgment

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
LSD+ is ad-free, with DMs, discounts, case briefs & more.