2007-07-01 16:41:50 · 6 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Commercial Law is the general sense refers to the laws regarding the sale and lease of goods. A course on commercial law will generally focus on the laws regulating the sale and lease of goods through the Uniformed Commercial Code (UCC). The UCC also addresses secured transactions. These are loans or credit transactions in which the lender acquires a security interest in certain collateral owned by the borrower and has the right to foreclose or repossess the collateral in the event of the borrower's default.
Most of what is deemed commercial law though focuses on UCC. Otherwise, general common law or codified (statutory) contract law govern the contracts.
Hope this helps.
http://www.lawschoolstuff.net
2007-07-01 17:15:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Define Commercial Law
2016-12-11 19:02:53 · answer #2 · answered by ? 4 · 0⤊ 0⤋
That partof the law which is connected with trade and commerce and the activities connected therewith, is known as Commercial Law.
2007-07-02 05:18:47 · answer #3 · answered by The Tribune 5 · 0⤊ 0⤋
Commercial Law: Placed on books to enforce protections of corporation businesses (and their wealthy stockholders) from YOU, their wallet draining target. Clearly unfair laws--they're on the books....what are YOU gonna do about it?? HUH????
Ironically, there are more Commercial LAWS than CONSUMER LAWS.....imagine that.
2007-07-01 16:46:51 · answer #4 · answered by Mr. Wizard 7 · 1⤊ 0⤋
"Commercial law (sometimes known as business law) is the body of law which governs business and commerce and is often considered to be a branch of civil law..."
2007-07-01 16:49:32 · answer #5 · answered by Nuff Sed 7 · 0⤊ 0⤋
read your constitution[note ammendmends arnt law ,its a buisness thats law
2007-07-01 17:04:47 · answer #6 · answered by Anonymous · 0⤊ 0⤋