/mɜːrkəntaɪl lɔː/ – Phrase
Definition: luật thương mại.
A more throughout explanation: Mercantile law, also known as commercial law or merchant law, is a body of law that governs the transactions and relationships between businesses and individuals engaged in commerce, trade, and the sale of goods and services. It encompasses various legal principles and rules that regulate commercial activities, such as contracts, sales, negotiable instruments, and business organizations. Mercantile law aims to provide a framework for resolving disputes and ensuring fair and efficient business practices within the marketplace.
Example: In the case of a dispute between two businesses over a contract for the sale of goods, mercantile law would govern the resolution of the issue.