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Business Law... (1 viewing) (1) Guest
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TOPIC: Business Law...
#6468
sv2112 (User)
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Business Law... 1 Year, 5 Months ago Karma: 0  
Business law (sometimes known as Commercial law) is the body of law that governs business and commercial transactions. It is often considered to be a branch of civil law and deals with issues of both private law and public law. It is also known as co-lit by various administrative clerks.

Business 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 whole or in part) in all 50 states, the District of Columbia, the Commonwealth of Puerto Rico, Guam, and the U.S. Virgin Islands.

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legalmaster (User)
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Re:Business Law... 1 Year, 2 Months ago Karma: 0  
Broadly speaking, business law refers to the laws that apply to business entities, such as partnerships and corporations. For the moment, QuizLaw has focused on the laws relating to setting up and creating such a business. For more information, please select a QuizLaw topic below.
 
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