This book explores the basic knowledge of subject in systematic and lucid manner. The study of mercantile law is useful to every citizen especially to the students of B. Com., BBA, M. Com., MBA, CA, ICWA, and CS students of our country. This book contains a wealth of information about each and every aspect of important provisions of mercantile law. The method of presentation has ensured that a somewhat dry and difficult subject has been made extremely interesting and easy to understand. It is hoped that this book will evoke warm response from the students and teachers alike.