MERCANTILE LAW

Mercantile law, also known as commercial law or business law, refers to the set of legal rules that govern business and commercial transactions. It covers various aspects such as contracts, sales of goods, negotiable instruments, partnerships, agency, and intellectual property rights. The purpose of mercantile law is to provide a legal framework for businesses to operate smoothly, ensuring fairness and protection for all parties involved in trade and commerce. It helps in resolving disputes, enforcing agreements, and protecting business interests in national and international markets.