commercial law

commercial law definition - legal

n

The substantive law concerning the purchase and sale of goods and related matters such as the financing of credit, secured transactions, and negotiable instruments. Most commercial law in the United States is set out in the Uniform Commercial Code.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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