Q. Which among the following is popularly known as mercantile law of India ?
Answer: Contract Law
Notes: The correct answer is Contract Law, which is often referred to as the mercantile law of India. This is because it governs commercial transactions and business agreements, facilitating trade and commerce. The Indian Contract Act of 1872 is the primary legislation that outlines the principles of contract law in India. It establishes the framework for the formation, performance, and enforcement of contracts, making it essential for business operations.