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An Indian mercantile law is based upon
Indian culture
British culture
England law
American law
- Indian mercantile law is the body of laws governing trade and commerce in India.
- It is primarily based on British legal principles that governed India during the colonial period.
- Option 1: Indian culture
- While Indian culture influences certain legal practices, Indian mercantile laws are not based on indigenous cultural principles.
- Option 2: British culture
- While influenced by British legal principles, it's more precise to say Indian mercantile laws are modeled after English law.
- Option 3: England law
- Indian mercantile laws largely derive from laws that were established during British rule, effectively following English legal structures. (Correct Answer)
- Option 4: American law
- The laws in India are not based on American law, as India was primarily influenced by British legislation.
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