All Topics  
Commercial law

 

 
   Email Print
   Bookmark   Link
 

 

Commercial law
 
 
  Topics Commercial law Topic Home

Commercial law (sometimes known as business law) is the body of law
LAW

LAW may refer to:* Anti-tank warfare, e.g. the US Army M72 LAW or the British Army LAW 80*Palestinian Society for the Protection of Human Rights ...
 which governs business
Business

A business is a legally recognized organization designed to provide good s and/or Service to consumers. Businesses are predominant in capitalism economies, most being privately owned and formed to earn profit that will increase the wealth of its owners....
 and commercial
Commerce

Commerce is a division of trade or production, costs, and pricing which deals with the Trade of goods and service from production, costs, and pricing to final consumer....
 transactions. It is often considered to be a branch of civil law
Civil law (common law)

Civil law, as opposed to criminal law, refers to that branch of law dealing with disputes between individuals and/or organizations, in which damages may be awarded to the victim....
 and deals both with issues of private law
Private law

Private law is that part of a legal system that involves relationships between individuals. This includes the law of contracts or torts and the law of obligations....
 and public law
Public law

Public law is a theory of law governing the relationship between individuals and the state. Under this theory, Constitutional law, administrative law and criminal law are sub-divisions of 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.






Discussion
Ask a question about 'Commercial law'
Start a new discussion about 'Commercial law'
Answer questions from other users
Full Discussion Forum



Encyclopedia


Commercial law (sometimes known as business law) is the body of law
LAW

LAW may refer to:* Anti-tank warfare, e.g. the US Army M72 LAW or the British Army LAW 80*Palestinian Society for the Protection of Human Rights ...
 which governs business
Business

A business is a legally recognized organization designed to provide good s and/or Service to consumers. Businesses are predominant in capitalism economies, most being privately owned and formed to earn profit that will increase the wealth of its owners....
 and commercial
Commerce

Commerce is a division of trade or production, costs, and pricing which deals with the Trade of goods and service from production, costs, and pricing to final consumer....
 transactions. It is often considered to be a branch of civil law
Civil law (common law)

Civil law, as opposed to criminal law, refers to that branch of law dealing with disputes between individuals and/or organizations, in which damages may be awarded to the victim....
 and deals both with issues of private law
Private law

Private law is that part of a legal system that involves relationships between individuals. This includes the law of contracts or torts and the law of obligations....
 and public law
Public law

Public law is a theory of law governing the relationship between individuals and the state. Under this theory, Constitutional law, administrative law and criminal law are sub-divisions of 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
Corporation

A corporation is a legal entity separate from the persons that form it. It is a legal entity owned by individual stockholders. In British tradition it is the term designating a body corporate, where it can be either a corporation sole or a corporation aggregate ....
 contract
Contract

A contract is an exchange of promises between two or more parties to do, or refrain from doing, an act which is enforceable in a court of law. It is a binding legal agreement....
s, hiring practices
Recruitment

Recruitment refers to the process of screening, and selecting qualifed people for a employment at an organization or firm, or for a vacancy in a volunteer-based organization or community group....
, and the manufacture
Manufacturing

Manufacturing is the use of machine, tool and labor to make things for use or sale. The term may refer to a range of human activity, from handicraft to high tech, but is most commonly applied to Industry production, in which raw material are transformed into finished good on a large scale....
 and sales
Sales

A sale is the pinnacle activity involved in selling products or services in return for money or other compensation. It is an act of completion of a commercial activity....
 of consumer
Consumer

Consumer is a broad label that refers to any individuals or household that use Good generated within the economic system. The concept of a consumer is used in different contexts, so that the usage and significance of the term may vary....
 goods. Many countries have adopted civil code
Civil code

A civil code is a systematic compilation of laws designed to comprehensively deal with the core areas of private law. A jurisdiction that has a civil code generally also has a code of civil procedure....
s which contain comprehensive statements of their commercial law. In the United States, commercial law is the province of both the United States Congress
United States Congress

The United States Congress is the Bicameralism legislature of the Federal government of the United States of the United States of America, consisting of two houses, the United States Senate and the United States House of Representatives....
 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 US; the most successful of these attempts has resulted in the general adoption of the Uniform Commercial Code
Uniform Commercial Code

File:Uniformcommercialcode.jpgFile:Uniformcommercialcodeconfidentialdrafts.jpgThe Uniform Commercial Code is one of a number of uniform acts that have been promulgated in conjunction with efforts to harmonize the law of sales and other commercial transactions in all 50 U.S....
.

Various regulatory schemes control how commerce is conducted. Privacy laws, safety laws (i.e. the Occupational Safety and Health Act
Occupational Safety and Health Act

The Occupational Safety and Health Act is the primary United States federal law which governs occupational health and safety in the private sector and federal government in the United States....
 in the United States), food and drug laws are some examples.

See also

  • Arbitration
    Arbitration

    Arbitration, a form of alternative dispute resolution , is a law technique for the resolution of disputes outside the courts, wherein the parties to a dispute refer it to one or more persons , by whose decision they agree to be bound....
  • Contract
    Contract

    A contract is an exchange of promises between two or more parties to do, or refrain from doing, an act which is enforceable in a court of law. It is a binding legal agreement....
    s
  • Corporate law
    Corporate law

    Corporate law is the law of the most dominant kind of business enterprise in the modern world. Corporate law is the study of how shareholders, Board of directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another under the internal rules of the firm....
  • Financial regulation
    Financial regulation

    Financial regulations are a form of regulation or supervision, which subjects financial institutions to certain requirements, restrictions and guidelines, aiming to maintain the integrity of the financial system....
  • Intellectual property
    Intellectual property

    Intellectual property are law property over creations of the mind, both artistic and commercial, and the corresponding fields of law. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; ideas, discoveries and inventions; and words, phra...
  • Letter of credit
    Letter of credit

    A letter of credit is a document issued mostly by a financial institution, used primarily in trade finance, which usually provides an irrevocable payment undertaking to a beneficiary against complying documents as stated in the Letter of Credit....
  • List of business law topics
    List of business law topics

    This is a list of business law topics within the field of commercial law.*Adhesion contract*Antitrust*Blue law*Civil law notary*Contracts...
  • Negotiable instrument
    Negotiable instrument

    A negotiable instrument is a specialized type of "contract" for the payment of money that is unconditional and capable of transfer by negotiation....
  • Property law
    Property law

    Property law is the area of law that governs the various forms of ownership in real property and in personal property, within the common law legal system....
  • Tax law
    Tax law

    Tax law is the codified system of laws that describes government levies on economic transactions, commonly called taxes....


External links