62. Nature of the law merchant.

(3)ÌýÌýÌýÌý The Law Merchant

The law merchant is held to be part of the law of England1. This proposition has led to considerable confusion, because a number of different meanings have been attached to the expression 'law merchant'2:

  1. Ìý

    (1)ÌýÌýÌýÌý an independent system of legal doctrine applying to merchants, akin in status