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Commercial law (sometimes known as business law) is the body of law that governs business and commercial transactions. It is often considered to be a branch of civil law and deals with issues of both private law and public law.
Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange and partnership. It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law. In the United States, commercial law is the province of both the United States Congress, under its power to regulate interstate commerce, and the states, under their police power. Efforts have been made to create a unified body of commercial law in the United States; the most successful of these attempts has resulted in the general adoption of the Uniform Commercial Code.
Various regulatory schemes control how commerce is conducted. Privacy laws, safety laws (e.g., the Occupational Safety and Health Act in the United States), and food and drug laws are some examples.
Topic starter
Posted : 26/04/2010 7:39 am
Re: Commercial law
Commercial law governs the broad areas of business, commerce, and consumer transactions. Specific law has developed in a number of commercial fields. These include:
* Banking
* Bankruptcy
* Consumer credit
* Contracts
* Debtor and creditor
* Landlord-tenant
* Mortgages
* Negotiable instruments
* Real estate transactions
* Sales
* Secured transactions
Posted : 15/07/2010 8:56 am
Re: Commercial law
Commercial law (sometimes known as business law) is the body of law that governs business and commercial transactions. It is often considered to be a branch of civil law and deals with issues of both private law and public law.
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Nursery Admissions Guide
Posted : 06/08/2010 3:03 am
Re: Commercial law
Hello Friends,
Commercial law (sometimes known as business law) is the body of law which governs business and commerce. It is often considered to be a branch of civil law and deals both with issues of private law and public law. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods.
Thanks.
Posted : 01/09/2010 9:19 am
Re: Commercial law
Hello,
The term commercial law describes a wide body of laws that govern business transactions. The Uniform Commercial Code (UCC), which has been adopted in part by every state in the United States, is the primary authority that governs commercial transactions. The UCC is divided into nine articles, covering a broad spectrum of issues that arise in commercial transactions. These articles govern the following: sales of goods, leases of goods, negotiable instruments, bank deposits, fund transfers, letters of credit, bulk sales, warehouse receipts, bills of lading, investment Securities, and secured transactions.
Thank You
Nadia
Posted : 11/09/2010 5:39 am
Re: Commercial law
Commercial Law (also known as business law) is the body of law governing commercial transactions and trade. It is often considered a branch of civil law and deals with issues of both private and public law.It is often considered a branch of civil law and deals with both issues of private and public law. Commercial law regulates corporate contracts, hiring practices and the manufacture and sale of consumer goods.
Posted : 03/11/2010 6:42 am
Re: Commercial law
Hi,
Commercial law is what governs business, consumer and commerce transactions. It is also referred to as business law and is the largest field of legal practice.
Posted : 18/12/2010 8:51 pm
Re: Commercial law
can you describe me what are the difference between Commercial Law and Business Law.
Posted : 21/12/2010 12:23 pm
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