In this post, we will tell you about the basic characteristics of commercial law, what we mean by a commercial act, what the objectives of commercial law are, and some other information that you cannot miss. Do you want to specialize in commercial law? Don’t miss this post!
It is a competitive right : That is, it belongs to the specific profession of a professional sector (commercial and business).
It is autonomous: It does not usually consider the services in which public domains intervene,
but rather focuses on private law
It is common: Since it is bas on the productive tradition of the countries.
It is complete or extend: Since it surpasses national borders and also systematizes universal commercial services between individuals or transnational companies.
The law: Since commercial law is also a form of positive law , it has a written and inform rule of the codes and circumstances that how to build telemarketing lead establish commercial law. If there are gaps in it, the common law will administer instead.
Custom: Since trade prates the emergence of this branch of law, it is the heir to the commercial traditions and customs specific to its community or region.
Legislation: National and international trade bodies decipher the law to resolve disputes, creating a corpus of historical rulings boutique leipomo tunani that serves as a basis for future laws and decisions.
Financial law: That which regulates the operations of banks and other similar monetary entities.
What is the main objective of Commercial
Types of commercial law
Bankruptcy law: Contains the substantive and judicial rules on everything relat to debts and critors.
Contract law: That which has to do with contracts , obligations and rights acquir in a discretionary manner when signing an instrument.
Corporate law: Also call company law agb directory or corporate law , it deals with business entities and their forms of company.
Technical property rights: Those that defend the lucrative exercise, industrial imagination and the way in which productive movements operate, are found and grow.
Exchange law: Own with the method of securities, functions and investments.
By establishing clear and normative rules for all commercial acts, commercial law is a key branch of legal action to pursue banking impartiality and legitimacy, and combat corruption and economic crime.
Sales, purchases, rentals, business establishments, all banking and commercial agreements for the exchange of goods constitute the basis of the flow of fortunes in nations, even more so in times of commercial globalization.
These commercial acts will be those that are subject to the current legislation on commercial law, whether objective or subjective. The following are commercial acts subject to commercial law:
Purchases and sales of shares and bonds of commercial
Contracts relating to and obligations of the State in commerce.
Checks, bills of exchange or money transfers.
As we have previously stat, the most global objective of commercial law is to regulate the dynamics of the exchange of goods and services and everything relat to it.
