which is popularly known as mercantile law of india?
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INDIAN Contract law is popularly knownas mercantile law of India. OriginallyIndian Sales of Goods Act and Partnership Act were part of IndianContract act, but due to needed amendment these acts were separated from Contract Act. The Contract act is the main and most used act of legal agreements in India....
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INDIAN Contract law is popularly knownas mercantile law of India. OriginallyIndian Sales of Goods Act and Partnership Act were part of IndianContract act, but due to needed amendment these acts were separated from Contract Act. The Contract act is the main and most used act of legal agreements in India....
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The Mercantile Law of India is the Contract Law of India being popularized in name of the former.
Explanation:
The Contract Law of India pertains to the agreement establishment for the mercantile bounded legally through this act. Earlier, Sales of Goods and Partnership acts were also included in the same, later which were segregated out due to need of amendments.
This act was enacted in the year of 1872, enacting with the principle of recognition of law for mercantile.
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