business law

business law

or commercial law or mercantile law

Legal rules and principles bearing on business organizations and commercial matters. It regulates various forms of legal business entities, including sole proprietors, partnerships, registered companies with limited liability, agents, and multinational corporations. Nearly all statutory rules governing business organizations are intended to protect creditors or investors. In addition, specific bodies of law regulate commercial transactions, including the sale and carriage of goods (terms and conditions, specific performance, breach of contract, insurance, bills of lading), consumer credit agreements (letters of credit, loans, security, bankruptcy), and relations between employers and employees (wages, conditions of work, health and safety, fringe benefits, and trade unions). It is a broad and continually evolving field. Seealso agency; corporation; debtor and creditor; intellectual property; labour law.

Learn more about business law with a free trial on Britannica.com.

This is a list of business law topics within the field of commercial law.

Finding related topics

If you have an interest in the Economics and Business section of Wikipedia, drop by at The Business and Economics Forum.

Search another word or see BUSINESS LAWon Dictionary | Thesaurus |Spanish
  • Please Login or Sign Up to use the Recent Searches feature