Question

Overview of Mercantile Law​

Answer 1

Answer:

Mercantile law is a body of law that deals with customs and practices of local and international commerce. It deals with all business transactions and covers agreements, contracts, copyrights, franchising, insurance, licensing, patents, shipping and transport, trademarks.

Answer 2

Answer:

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Mercantile law or commercial law is the law that regulates commercial activities of the economy. ... All the Acts in India that govern trade or commerce are part of Mercantile Law of India. For example, Indian Contract Act, 1872; Sale of Goods Act, 1930; Companies Act, 2013;, etc.

Explanation:

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