The role of case laws in commerce is to provide legal precedents and guidance for resolving disputes and making decisions related to business transactions and commercial activities. Case laws are created through the decisions made by judges in court cases, and they interpret and apply existing laws to specific factual situations.

Case laws in commerce help in the interpretation and application of statutory laws and regulations. They serve as a source of legal authority and provide clarity on how certain laws should be interpreted and applied in various commercial scenarios.

Case laws also contribute to the development of the law by filling gaps in legislation and addressing emerging issues and evolving business practices. They help establish legal standards and principles that guide businesses in their operations, contracts, and relationships with customers, suppliers, employees, and other stakeholders.

Furthermore, case laws play a significant role in dispute resolution. When conflicts arise in commercial transactions or business relationships, parties can refer to relevant case laws that have addressed similar issues in the past. These cases serve as precedents that judges and arbitrators can use to determine the outcome of the dispute and provide a fair and consistent resolution.

Overall, case laws in commerce provide legal clarity, precedent, and guidance for businesses and legal professionals in navigating the complex and ever-evolving landscape of commercial transactions and activities.