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LSDefine

Simple English definitions for legal terms

trade usage

Read a random definition: maxim

A quick definition of trade usage:

Trade Usage: A way of doing things that is commonly used in a specific profession or business. It is a regular practice that people expect to be followed in a particular trade or region. It can be established by expert testimony and is often relied upon by people in that trade or business. It is not a legal rule, but it can give meaning to or supplement an agreement between parties.

A more thorough explanation:

Definition: Trade usage refers to a customary and uniform practice that is well-known in a specific profession or business. It is a practice or method of dealing that has such regularity of observance in a region, vocation, or trade that it justifies an expectation that it will be observed in a given transaction.

Examples: A common example of trade usage is the practice of tipping in the service industry. It is customary to tip waiters, bartenders, and hairdressers in the United States, and it is expected that customers will follow this practice. Another example is the use of industry-specific jargon or terminology. For instance, doctors use medical terms that are not commonly understood by the general public, but are well-known and expected within the medical profession.

Explanation: Trade usage is a well-established practice that is widely recognized and followed within a particular industry or profession. It is not a legal rule, but rather a customary or habitual practice that is relied upon by those who are conversant in, or connected with, a trade or business. The examples illustrate how trade usage is a common and expected practice within certain industries, and how it can vary from one profession to another.

trade union | trading

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HopefullyInLawSchool
16:06
it means you will not be rejected today and may be accepted or WL in the future
Just got my Michigan rejection
BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
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