Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales.[1] It is often considered to be a branch of civil law and deals with issues of both private law and public 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 all 50 states (with some modification by state legislatures), the District of Columbia, and the U.S. territories.
Various regulatory schemes control how commerce is conducted, particularly vis-a-vis employees and customers. Privacy laws, safety laws (e.g., the Occupational Safety and Health Act in the United States), and food and drug laws are some examples.
During the Middle Ages, Italy was the cradle of many modern institutions at the basis of commercial law. Around the 16th century, the trade of Italian maritime republics was the promoter of the birth of commercial law: the jurist Benvenuto Stracca, (Ancona, 1509–1579) published in 1553 the treatise De mercatura seu mercatore tractats; it was one of the first, if not the first, legal imprint dealing specifically with commercial law. This treatise focused on merchants and merchant contracts, practices and maritime rights, to which he soon added extensive discussions of bankruptcy, factors and commissions, third party transfers, and insurance. For this reason, Stracca is often considered the father of commercial law and author of the first Italian treaty about the insurance contract, beyond about the commerce. The legal work of Italian jurists had an impact on Holland, Germany, England and France.[3]
^"Commercial Law: An Overview". Legal Information Institute. Retrieved 7 July 2012.
^One or more of the preceding sentences incorporates text from a publication now in the public domain: Chisholm, Hugh, ed. (1911). "Commercial Law". Encyclopædia Britannica. Vol. 6 (11th ed.). Cambridge University Press. p. 771.
Modernisation, National Identity and Legal Instrumentalism (Vol. I: Private Law): Studies in Comparative Legal History, Brill, 2019 (p. 118);
Vito Piergiovanni, The Courts and the Development of Commercial Law, Duncker & Humblot, 1987 (p. 14);
Encyclopedia Treccani, Benvenuto Stracca
External linksedit
Hundreds of Answers to Basic Business Law Questions
Topical listing of US commercial law from Cornell's Legal Information Institute
February 15, 2024
commercial, this, article, multiple, issues, please, help, improve, discuss, these, issues, talk, page, learn, when, remove, these, template, messages, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, cit. This article has multiple issues Please help improve it or discuss these issues on the talk page Learn how and when to remove these template messages This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Commercial law news newspapers books scholar JSTOR August 2012 Learn how and when to remove this template message The examples and perspective in this article may not represent a worldwide view of the subject You may improve this article discuss the issue on the talk page or create a new article as appropriate December 2010 Learn how and when to remove this template message Learn how and when to remove this template message Commercial law also known as mercantile law or trade law is the body of law that applies to the rights relations and conduct of persons and business engaged in commerce merchandising trade and sales 1 It is often considered to be a branch of civil law and deals with issues of both private law and public law Commercial 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 negotiable instruments contracts and partnership 2 Many of these categories fall within Financial law an aspect of Commercial law pertaining specifically to financing and the financial markets 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 all 50 states with some modification by state legislatures the District of Columbia and the U S territories Various regulatory schemes control how commerce is conducted particularly vis a vis employees and customers Privacy laws safety laws e g the Occupational Safety and Health Act in the United States and food and drug laws are some examples Contents 1 History 2 See also 3 Notes 4 External linksHistory editDuring the Middle Ages Italy was the cradle of many modern institutions at the basis of commercial law Around the 16th century the trade of Italian maritime republics was the promoter of the birth of commercial law the jurist Benvenuto Stracca Ancona 1509 1579 published in 1553 the treatise De mercatura seu mercatore tractats it was one of the first if not the first legal imprint dealing specifically with commercial law This treatise focused on merchants and merchant contracts practices and maritime rights to which he soon added extensive discussions of bankruptcy factors and commissions third party transfers and insurance For this reason Stracca is often considered the father of commercial law and author of the first Italian treaty about the insurance contract beyond about the commerce The legal work of Italian jurists had an impact on Holland Germany England and France 3 See also editOutline of commercial law Consulate of the SeaNotes edit Commercial Law An Overview Legal Information Institute Retrieved 7 July 2012 nbsp One or more of the preceding sentences incorporates text from a publication now in the public domain Chisholm Hugh ed 1911 Commercial Law Encyclopaedia Britannica Vol 6 11th ed Cambridge University Press p 771 Modernisation National Identity and Legal Instrumentalism Vol I Private Law Studies in Comparative Legal History Brill 2019 p 118 Vito Piergiovanni The Courts and the Development of Commercial Law Duncker amp Humblot 1987 p 14 Encyclopedia Treccani Benvenuto StraccaExternal links editHundreds of Answers to Basic Business Law Questions Topical listing of US commercial law from Cornell s Legal Information Institute Retrieved from https en wikipedia org w index php title Commercial law amp oldid 1191474212, wikipedia, wiki, book, books, library,
