Commercial Law
A broad concept that describes the SUBSTANTIVE LAW that governs transactions between business entities, with the exception of maritime transportation of goods (regulated by ADMIRALTY AND MARITIME LAW). Commercial law includes all aspects of business, including advertising and marketing, collections and BANKRUPTCY, banking, contracts, negotiable instruments, SECURED TRANSACTIONS, and trade in general. It covers both domestic and foreign trade; it also regulates trade between states.
The term commercial law describes a wide body of laws that govern business transactions. The
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