Gilda Mercatoria
Legal definition for Indian law research
Definition
Gilda mercatoria, a mercantile meeting or assembly. If the Crown grants to a set of men the privilege to have gildam mercatoriam, this is sufficient to incorporate them, 10 Rep 30. A guild merchant was an incorporated society of the merchants of a town or city having exclusive rights of trading within the town. In many English towns and in the royal burghs of Scotland the merchant guild became the governing body of the town, Oxf. Dict
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