What is Commerical Law?
Commercial Law (also referred to as Business Law) covers most aspects and transactions of the business spectrum, including management and operations; accounting, bookkeeping and financing; bankruptcy; contracts; sales, marketing and commerce; buying and selling business entities and their components; labor relations; and taxes. Commercial law and business law encompass several overlapping issues.
The Uniform Commercial code (UCC) is the primary governing authority for commercial transactions.
Other specified legal areas have developed that are types of commercial or business law. They include Banking, Bankruptcy, Consumer Credit, Contracts, Debtor and Creditor, Landlord-Tenant, Mortgages, Negotiable Instruments, Real Estate Transactions, Sales and Secured Transactions.
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