Business Studies, asked by ROKIAH3565, 1 year ago

Difference between mercantile law and business law

Answers

Answered by rathoreyuvraj
2
Both are the same……………Body of law that deals with customs and practices of local and international commerce.Not a separate body of law but a legal code that governs operations of banks and and business of all kinds, it covers agreements, contracts, copyrights, franchising, insurance, licensing, patents, shipping and transport,trademarks,etc are called Business law or Mercantile Law.
Answered by gratefuljarette
0

Mercantile law is legal systems that deal with the various forms of business transactions for trading and transactions done internationally

Business laws deals with the laws that entail the formation of business firms, rights of the stakeholders and merging of companies

Explanation:

Mercantile law

  • Mercantile law is the legislation that is involved with the legal aspects various processes and procedures that are followed in international trading
  • Mercantile laws are applied to formation of various contracts, agreements, aspects of franchising, licensing and more  
  • Mercantile laws deal with the laws involved with the operations aspects of international trading and commerce which is involved with trading, transportation and shipping of goods

Business law

  • The business law are laws needed for formally starting of business, partnerships, merger of companies and more.  
  • The business law takes care of the problems, issues and conflicts concerned with public and private laws.
  • The need for business law is necessary for the entrepreneurs for understanding the legalities needed for operating the business

To know more about business law

Importance of cyber law in business law

https://brainly.in/question/10022895

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