Merchant is a surname of Old French and Gujarati origin, meaning a merchant or trader, and was originally given as an occupational name to a buyer or seller of goods. It is shared by the following people: Ajit Merchant (died 2011), Indian composer.
What is a merchant law?
- Law merchant originated in western Europe during the Middle Ages, and was subsequently recognized by the principal commercial nations. Although it was at first administered by separate tribunals in the principal trading cities, it eventually became part of the domestic law of the countries in which it flourished, including the United States.
What is the Law Merchant according to Galatians?
- Galatians 5:1 The law merchant is, in fact, “an independent parallel system of law; like equity or admiralty. … The king’s courts administered not local custom, nor even the custom of the realm, but rules applied in commercial causes in all countries. …
What is Statute merchant and statute staple?
- The law merchant is saying possession means very little if someone has a piece of paper presenting a claim in the nature of a security interest. Some of the English statutes referenced in the quotes above became known as statute merchant and statute staple.
What is the merchants’ role in decision-making?
- The merchants’ decision-making role is emphasized by the parties themselves in Graffham v. Pope(1291), in which Alan of Berkhamstead intervened to claim as his own a horse that had been attached for a debt.