Commercial and Business Law

Commercial Lawyers elgin il

Commercial law: an overview

Commercial law governs the broad areas of business, commerce, and consumer transactions. Specific law has developed in a number of commercial fields. These include:

The Uniform Commercial Code, which has been substantially adopted as statutory law in nearly every state, governs numerous areas of commercial law. Currently it is divided into thirteen Articles:

 

Definition from Nolo’s Plain-English Law Dictionary

The law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. In recent years this body of law has been codified in the Uniform Commercial Code (UCC), which has been almost universally adopted by the U.S. states.

Definition provided by Nolo’s Plain-English Law Dictionary.