Mercantile Law Law and Legal Definition
Mercantile law is a body of law that deals with customs and practices of local and international commerce. It deals with all business transactions and covers agreements, contracts, copyrights, franchising, insurance, licensing, patents, shipping and transport, trademarks. Mercantile law is developed from the practices of traders and not mostly from theories of jurisprudence. Most of American Commercial law is governed by the Uniform Commercial Code. Mercantile law is also called commercial law.