COMMERCIAL LAW
Commercial law is one of the most significant legal areas. This area of law deals with business-to-business and consumer-to-business transactions, as well as employee contracts, business contracts, financial transactions, and other topics. Commercial law, also referred to as mercantile law or trade law, is the body of law that governs the rights, relationships, and actions of people and businesses involved in commerce, merchandising trade, and sales. It is frequently seen as a branch of civil law that deals with both private and public law issues. The article talks about how this body of law helps in regulating businesses and how they do their work around frameworks set by this law.
Commercial law : its meaning and nature
Before attempting to define commercial law, it is necessary to consider its content or the aspect of the legal reality that it governs. To begin, we can remark that commercial law deals with legal relationships between individuals, which is why it is classified as private law.
However, distinguishing between civil and commercial issues is difficult, particularly since certain legal organizations and contracts, such as purchase, society, deposit, and so on, are governed by both codes. This means that the content of each code can not be utilized to distinguish between civil and commercial matters. To make this distinction, we must first examine the historical development of commercial law to determine which aspects of legal reality it now governs.