law merchant
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 62 U.S. 397 - Combs v. Hodge · 1858Most cited · 44 citing opinions
The law merchant accords such protection to a holder of a bill of exchange taken in the course of business for value, and without notice. When the instrument is one which by law is not negotiable, or when the negotiability has been restricted by the parties, the rule of the law merchant has no application.
How often courts cite the case defining “law merchant”
Court decisions citing the opinion that defined “law merchant” — 43 in all, by decade. Counts are citations to the defining case as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.