Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Mercantile Law

Read a random definition: right of retention

A quick definition of Mercantile Law:

Mercantile law, also known as commercial law, is the set of rules that governs the transactions and disputes of individuals and businesses involved in buying and selling goods, financing, and other commercial activities. It includes laws related to contracts, property, and negotiable instruments. The Uniform Commercial Code (UCC) is a set of laws adopted in all 50 states that codifies these commercial laws.

A more thorough explanation:

Definition: Mercantile Law, also known as commercial law, refers to the set of laws that govern the transactions and disputes of individuals and businesses involved in commerce. This includes activities such as buying and selling goods, financing, merchandising, and using negotiable instruments. The Uniform Commercial Code (UCC) is a set of laws adopted in all 50 states that codifies these commercial laws and overlaps with contract and property law.

  • A company selling products to customers and handling payments would need to follow mercantile law.
  • A bank providing loans to businesses would need to follow mercantile law.
  • A business using a promissory note to secure financing would need to follow mercantile law.

These examples illustrate how mercantile law applies to various commercial activities. Businesses must follow these laws to ensure fair and legal transactions with their customers and partners. The UCC provides a standardized set of rules that businesses can follow across all states, making it easier to conduct commerce across state lines.

Mental Suffering | Merchantable

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
TGM
18:39
@texaslawhopefully: alas, haven’t even gotten an interview (applied around thanksgiving)
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.
LSD+ is ad-free, with DMs, discounts, case briefs & more.