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LSDefine

Simple English definitions for legal terms

law merchant

Read a random definition: continuation-in-whole application

A quick definition of law merchant:

Law Merchant: A set of rules that were created during the Middle Ages in Europe to regulate the business dealings of merchants and sailors. These rules were used all over the world until the 17th century. Some of these rules were later included in the common law, which is the basis for the Uniform Commercial Code. Another name for the law merchant is commercial law or lex mercatoria.

A more thorough explanation:

Definition: Law merchant is a system of customary law that was developed in Europe during the Middle Ages. It 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. It is also known as commercial law or lex mercatoria.

Example: One example of law merchant is the principle of good faith and fair dealing. This principle requires that parties to a contract act honestly and fairly towards each other. For example, if a merchant sells goods to another merchant, they must provide accurate information about the goods and not misrepresent them in any way.

Explanation: The example illustrates how the principle of good faith and fair dealing is an important part of law merchant. It ensures that merchants act honestly and fairly towards each other in their business dealings. This helps to build trust and confidence in the marketplace, which is essential for the smooth functioning of commerce.

law martial | lawnote

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18:39
Yeah I would delay as long as you have plausible deniability
TGM
18:40
I actually do have a transcript issue that registrar needs to resolve, should I say that
TGM
18:41
(Course marked as Incomplete that’s supposed to be removed)
TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
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
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