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Most Popular FAQs Searched By Students:
Q.1. What do you mean by commercial law?
Ans. Commercial law signifies the body of law which regulates the conduct of merchants, individuals, and businesses engaged in trades, sales, and commerce. Also known as business law, commercial law is a broad area of law that interacts with numerous other areas of law like real estate, environmental regulation, and safety laws.
Q.2. What is the purpose of commercial law?
Ans. The purpose of commercial law is to help businessmen and to make commercial transactions and contracts between parties process easily. It can also be seen as the function of commercial law in the case involving commercial disputes.
Q.3. What are the branches of commercial law?
Ans. All branches of commercial law primarily deal with financial and business transactions. The branches are contract law, property law, corporate law, intellectual property law, and uniform commercial code.
Q.5. Is business law and commercial law the same?
Ans. There are multiple similarities between business law and commercial law. However, there remains a fine line of difference. Commercial law focuses on the distribution and sale of goods, as well as financing of certain transactions. Whereas, business law focuses on other aspects of business, including forming a company, acquisitions, and mergers, shareholder rights, etc.
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