Commercial law

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Commercial law or Mercantile law, also

known as trade 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.[1] 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,
negotiable instruments, contracts and
partnership.[2] Many of these categories
fall within Financial law, an aspect of
Commercial law pertaining specifically to
financing and the financial markets. 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.S.
territories.

Various regulatory schemes control how

commerce is conducted, particularly vis-a-
vis employees and customers. Privacy
laws, safety laws (e.g., the Occupational
Safety and Health Act in the United
States), and food and drug laws are some
examples.

See also
Outline of commercial law
Consulate of the Sea

Notes
 1. "Commercial Law: An Overview" .
Legal Information Institute. Retrieved
7 July 2012.
2.  One or more of the preceding
sentences incorporates text from a
publication now in the public
domain: Chisholm, Hugh, ed. (1911).
"Commercial Law". Encyclopædia
Britannica. 6 (11th ed.). Cambridge
University Press. p. 771.

External links
Hundreds of Answers to Basic Business
Law Questions
 Topical listing of US commercial law
from Cornell's Legal Information
Institute

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