Commercial Law (Noun)
Meaning
The body of rules applied to commercial transactions; derived from the practices of traders rather than from jurisprudence.
Classification
Nouns denoting groupings of people or objects.
Examples
- The university offers a range of elective courses in commercial law, including corporate law and intellectual property.
- The new business owner sought the advice of a lawyer specializing in commercial law to ensure compliance with all relevant regulations.
- Commercial law plays a crucial role in facilitating international trade by providing a standardized framework for business transactions.
- The court's decision set a precedent in commercial law, clarifying the obligations of manufacturers towards consumers in cases of product liability.
- The law school curriculum placed a strong emphasis on commercial law, preparing students for careers in the corporate sector.