MERCANTILE

Pertaining to merchants or their business; having to do with trade and commerce or the buying and selling of commodities. See In re San Gabriel Sanatorium (D. C.) 95 Fed. 273; In re Pacific Coast Warehouse Co. (C. C.) 123 Fed. 750; Graham v. Hendricks, 22 La. Ann. 524. Mercantile agencies. Establishments which make a business of collecting information relating to the credit, character, responsibility, and reputation of merchants, for the purpose of furnishing the information to subscribers. Brookfield v. Kitchen, 163 Mo. 546, 63 S. W. 825; State v. Morgan, 2 S. D. 32. 48 N. W. 314; Baton, etc., Co. v. Avery, 83 N. Y. 34, 38 Am. Rep. 389; Genesee Sav. Bank v. Michigan Barge Co., 52 Mich. 164, 17 N. W. 790. Mercantile law. An expression substantially equivalent to the law merchant or commercial law. It designates the system of rules, customs, and usages generally recognized and adopted by merchants and traders, and which, either in its simplicity or as modified by common law or statutes, constitutes the law for the regulation of their transactions and the solution of their controversies Mercantile law amendment acts. The statutes 19 & 20 Vict. cc. 60, 97, passed mainly for the purpose of assimilating the mercantile law of England, Scotland, and Ireland.Mercantile paper. Commercial paper; such negotiable paper (bills, notes, checks, etc.) as is made or transferred by and between merchants or traders, and is governed by the usages of the business world and the law merchant.Mercantile partnership. One which habitually buys and sells; one which buys for the purpose of afterwards selling. Com. v. Natural Gas Co., 32 Pittsb. Leg. J. (O. S.) 310.