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  2. In "Ballentine's Law Dictionary," "mercantile law" has a definition as "law merchant," but a mercantile establishment is any location where merchandise, wares, and goods are available for sale or purchase.
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    Where does mercantile law come from?Mercantile law is also known as commercial law or business law. Mercantile law doesn't come from the theories of jurisprudence from which other laws originate. Rather, it comes from a long-standing tradition: the practices of traders throughout history. Mercantile law was originally created in Europe to govern transactions between merchants.
    What is a mercantile establishment?mercantile establishment- a place of business for retailing goods outlet, retail store, sales outlet country store, general store, trading post- a retail store serving a sparsely populated region; usually stocked with a wide variety of merchandise
    What is mercantile law & why is it important?It's designed to provide guidelines for dealing with all forms of business transaction. It also standardizes all the legal concepts that underlie those transactions. The end result is a great deal of consistency in dispute resolution. Mercantile law is also known as commercial law or business law.
    What does mercantile mean?The word “mercantile” means of or pertaining to the business of merchants, i.e., to the commerce, trade, or business of selling and buying merchandise, acting on or conducting business principles, trading, and other commercial principles.
     
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    WebM ercantilism is economic nationalism for the purpose of building a wealthy and powerful state. Adam Smith coined the term “mercantile system” to describe the system of political economy that sought to enrich the …

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