Commercial law

Commercial law, also known as business law, is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. 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 and partnership. 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.

Latest News for: Africa business law


Bombshells cause drama in the villa on Love Island

AOL 27 Jan 2023
The arrival of bombshells Ellie Spence and Spencer Wilks has created fresh drama with the islanders on the latest episode of Love Island. Ellie, a 25-year-old business development executive at a law firm, entered the villa in South Africa on Thursday and chose Ron Hall to couple up with ... Please click here to do so ... He then told Lana ... Lana, 25, said ... ....

Emmanuel Owusu-Tuffuor: The supremacy of AU Law over Domestic Law must be clear and upheld ...

Joy Online 26 Jan 2023
This paper is a critique of the legal framework of the AfCFTA and other related AU laws for the purpose of establishing Africa’s single market agenda ... In short, we must be free to do business anywhere in Africa without legal obstacles imposed by any state law ... But, for the true concept of a single market to work in Africa, AU law must be supreme....

General Laws Amendment Act – is your company prepared?

Independent online (SA) 20 Jan 2023
Being greylisted would subject local companies to increased scrutiny and create a challenge for countries to conduct business in South Africa. As the implementation of the new laws commences, legal practitioners, business owners, and other stakeholders will need to stay up to date with the latest developments in the legislation and regulations....

The law and inflation – a history of price control legislation

B & FT Online 17 Jan 2023
South Africa has legislation like the Competition Act, which only prohibits excessive pricing by ‘dominant’ businesses. The law provides that a business with a market share above 45 percent is presumed dominant in absolute, while one with a market share of above 35 percent is ......

Biden Courts African Leaders, but Some Are Skeptical of Big Promises

The Philadelphia Tribune 16 Jan 2023
spending in Africa over three years, as well as dozens of business deals and initiatives in areas like technology, space, cybersecurity, food security and the environment ... If the bill passed into law, he warned, it “could gravely harm the relationship between Africa and the United States.” ... businesses are preferred in Africa, Chivcute said....

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