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Commercial law is a stream of law that students find hard to accept because of their reservations. This is because most law students find the study of commercial law vapid. And that is because of tricky sections and clauses. Meanwhile, students' unfamiliarity and less interest in mercantile regulations at a young age also make writing commercial law assignments more challenging. But that surely cannot be the excuse for doldrums in scoring lesser grades.
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Frequently Asked Questions
Ans: Commercial law is a broad term for a range of legal services designed to render businesses in making money from their services. A commercial law firm homes lawyers who diligently perform a commercial activity to meet the demands of the business community.
Ans: Also regarded as mercantile law, commercial law is the body of law that applies to the relations, conduct, and rights of persons and businesses engaged in commerce, trade, sales, and merchandising.
The scope of commercial law includes law relating to partnership, negotiable instruments, contracts, sale of goods, companies, insurance, insolvency, carriage of goods, etc. In addition, Mercantile or commercial law is concerned with the study of obligation and rights developing from mercantile transactions between retail persons.
Ans: The primary sources of English mercantile law are common law, law merchant, statute law, and equity.
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