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Commercial law , also known as mercantile law or trade law , is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce , merchandising , trade , and sales.
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, negotiable instruments , contracts 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 with some modification by state legislatures , the District of Columbia , and the U. Various regulatory schemes control how commerce is conducted, particularly vis-a-vis employees and customers.
Privacy laws, safety laws e. During Middle Ages , Italy was the cradle of many modern institutions at the basis of commercial law. Around 16th century, the trade of Italian maritime republics was the promoter of the birth of commercial law: the jurist Benvenuto Stracca , Ancona , - published in the treatise De mercatura seu mercatore tractats ; it was one of the first, if not the first, legal imprint dealing specifically with commercial law.
This treatise focused on merchants and merchant contracts, practices and maritime rights, to which he soon added extensive discussions of bankruptcy , factors and commissions, third party transfers, and insurance. For this reason, Stracca is often considered the father of the commercial law and author of the first Italian treaty about the insurance contract, beyond about the commerce.
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December Learn how and when to remove this template message. By jurisdiction. General corporate forms. Corporate forms by jurisdiction. Naamloze vennootschap N. Business judgment rule Corporate governance De facto and estoppel corporations Internal affairs doctrine Limited liability Tag-along right Drag-along right Piercing the corporate veil Rochdale Principles Ultra vires.
Related areas. Civil procedure Contract Corporate registers. Management accounting Financial accounting Financial audit. Business entities. Corporate group Conglomerate company Holding company Cooperative Corporation Joint-stock company Limited liability company Partnership Privately held company Sole proprietorship State-owned enterprise.
Corporate governance. Annual general meeting Board of directors Supervisory board Advisory board Audit committee. Corporate law. Commercial law Constitutional documents Contract Corporate crime Corporate liability Insolvency law International trade law Mergers and acquisitions. Corporate title. Commodity Public economics Labour economics Development economics International economics Mixed economy Planned economy Econometrics Environmental economics Open economy Market economy Knowledge economy Microeconomics Macroeconomics Economic development Economic statistics.
Types of management. Business analysis Business ethics Business plan Business judgment rule Consumer behaviour Business operations International business Business model International trade Business process Business statistics. Legal Information Institute. Retrieved 7 July Cambridge University Press. Category Index Outline Portal.
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Download as PDF Printable version. Wikimedia Commons Wikibooks. This article is part of a series on. Doctrines Business judgment rule Corporate governance De facto and estoppel corporations Internal affairs doctrine Limited liability Tag-along right Drag-along right Piercing the corporate veil Rochdale Principles Ultra vires.
Related areas Civil procedure Contract Corporate registers. Company portal Law portal. Management of a business. Accounting Management accounting Financial accounting Financial audit. Business entities Corporate group Conglomerate company Holding company Cooperative Corporation Joint-stock company Limited liability company Partnership Privately held company Sole proprietorship State-owned enterprise.
Corporate governance Annual general meeting Board of directors Supervisory board Advisory board Audit committee. Corporate law Commercial law Constitutional documents Contract Corporate crime Corporate liability Insolvency law International trade law Mergers and acquisitions. Trade Business analysis Business ethics Business plan Business judgment rule Consumer behaviour Business operations International business Business model International trade Business process Business statistics.
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If you found us helpful. Please rate us 5 star and get featured on our Fans page. Corporate law also known as business law or enterprise law or sometimes company law is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. It thus encompasses the formation, funding, governance, and death of a corporation. Corporate law is the body of law governing the rights, relations, and conduct of persons, companies, organizations and businesses. The term refers to the legal.
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