Commercial law also known as business law, which covers also corporate law is the body of law that governs business and commercial transactions and this 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 and 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.
Efforts have been made to create a unified body of commercial law in the United States and 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.
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 and 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.
Efforts have been made to create a unified body of commercial law in the United States and 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.
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