Mercantile Law Legal Meaning and Definition

Here is a simplified definition of the legal term Mercantile Law.

(n) Mercantile Law

Mercantile Law, also known as Commercial Law, is a branch of law that covers rules, regulations, and principles governing commercial interactions and transactions such as contracts, sales of goods, shipping, and trade practices. This law is designed to ensure fairness and trust in the business world and guide commercial conduct.