Encyclopedia

commercial law

commercial law, the laws that govern business transactions, except those relating to the maritime transportation of goods (see maritime law). Commercial law developed as a distinct body of jurisprudence with the beginning of large-scale trade.

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2007, Columbia University Press. All rights reserved.

More on commercial law from Fact Monster:

See more Encyclopedia articles on: Law: Divisions and Codes