What is Merchant Law?

Merchant law is a term that is sometimes used to describe the body of law that governs commercial transactions, such as the sale of goods, shipping, and other types of business-related activities. It is also known as commercial law or business law. Merchant law covers a wide range of legal issues, including contracts, agency, negotiable instruments, sales of goods, transportation, and other aspects of business transactions. The goal of merchant law is to provide a legal framework for businesses to operate in, promoting economic growth and stability by ensuring that commercial transactions are conducted in a fair and efficient manner. Merchant law is shaped by the Uniform Commercial Code (UCC), which is a set of laws adopted by many states in the United States to regulate commercial transactions.