Write
about
the
history
Mercantile
law
Nepal. [5
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Answer :
Principle Sources of Law – Mercantile Law :-
Mercantile law is a body of law or a legal code that deals with international commerce, business transactions and operations like agreements, contracts, copyrights, franchising, insurance, licensing, patents, shipping, transport, trademarks, etc.
Mercantile Law:-
Mercantile law is a very general term which encompasses the whole collection of business laws. The most important aspect of any business transaction is the agreement between the two parties, which is either implied or expressed.
Origin of Mercantile Law:-
Mercantile Law was the name given to that law which evolved in England from the years of customs and rules between businessmen and traders relating to their transactions, which evolved over the years. It gradually became part of the Common Law of England.
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