Asked by Krystal Phengsomphone on Jun 01, 2024
Verified
_____ describes laws specifying the rights and duties of individuals in their business dealings, how businesses are created and organized, and how business is transacted.
A) Administrative law
B) Constitutional law
C) Public law
D) Commercial law
Commercial Law
A branch of law that deals with issues of private law relating to commerce, businesses, and trade, including contracts, sales, and corporate governance.
Business Dealings
Interactions and transactions between companies or individuals in the commercial sector.
- Understand the impact and roles of different law forms (commercial, criminal, civil, constitutional) on the business sector.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
D
Explanation :
Commercial law describes the legal framework concerning the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It includes laws on business contracts, sale of goods, banking, insurance, finance, partnership, bankruptcy, and more, essentially governing business dealings and the formation and management of business entities.
Learning Objectives
- Understand the impact and roles of different law forms (commercial, criminal, civil, constitutional) on the business sector.