What does commercial law mean?
Definitions for commercial law
com·mer·cial law
This dictionary definitions page includes all the possible meanings, example usage and translations of the word commercial law.
Princeton's WordNet
mercantile law, commercial law, law merchantnoun
the body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence
ChatGPT
commercial law
Commercial law, also known as trade law or business law, is an area of law that governs and regulates the conduct, rights, relations, and interactions between individuals and businesses involved in commerce, trade, sales, and merchandising. It involves legal issues associated with contracts, hiring practices, corporate structure, consumer goods sales, financing, bankruptcy, and more. It is designed to ensure fairness, competition, and ethical trade practices.
Wikidata
Commercial law
Commercial law, also known as business law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. 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, which has been adopted in all 50 states, the District of Columbia, and the U.S. territories.
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Numerology
Chaldean Numerology
The numerical value of commercial law in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of commercial law in Pythagorean Numerology is: 2
Examples of commercial law in a Sentence
Business is attracted to where there is a solid and able environment and basic rule of law, commercial law, dispute resolution, peaceful and inclusive societies, for us, it's fundamentally not about financial contributions that business makes to U.N. agencies. It's about shared values ... the way business does business. Is it inclusive, and is it sustainable?
The regional and international creditors represent more than 85 percent of total debt, some of whom advised filing under the new bankruptcy law, given that it is more or less aligned with regional and international commercial law practices, the probability of its success is much higher.
Translations for commercial law
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"commercial law." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/commercial+law>.
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