Mercantile Law

Mercantile law, also known as commercial law, governs the rights, relations, and conduct of individuals and businesses involved in commerce, trade, and sales. It encompasses a wide range of legal topics, including contracts, sales, commercial paper, agency, and bankruptcy. Essentially, mercantile law provides the framework that ensures fair trading practices and resolves disputes in business transactions, helping to maintain order and predictability in the marketplace. Its purpose is to facilitate commerce by establishing clear rules and protections for both buyers and sellers.