The Law Dictionary

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COMMERCIUM Definition & Legal Meaning

Definition & Citations:

Lat. In the civil law. Commerce; business; trade; dealings in the nature of purchase and sale; a contract. Commercium jure gentium commune esse debet, et non in monopolium et privatum paucorum qusestum converten- dum. 3 Inst. 181. Commerce, by the law of nations, ought to be common, and not converted to monopoly and the private gain of a few.


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