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Merchants' account exception

Defined in 1 dictionary — Case Law

Definitions from Case Law

From 11 U.S. 350 - Bond v. Jay · 1813Most cited · 4 citing opinions

It is so unusual for a legislature to employ itself in framing rules which are to operate only on contracts made without their jurisdiction, between persons residing without their jurisdiction, that Courts can never be justified in putting such a construction on their words if they admit of any other interpretation which is rational and not too much strained. . . . accounts between merchant and merchant either of whom resided out of the province would come within the exception.