Commercial Law

A phrase employed to denote those branches of the law which relate to the rights of property and relations of persons engaged in commerce. This term denotes more than the phrase "maritime law," which is sometimes used as synonymous, but which more strictly relates to shipping and its incidents. See "Law Merchant."

A phrase employed to denote those branches of the law which relate to the rights of property and relations of persons engaged in commerce. This term denotes more than the phrase "maritime law," which is sometimes used as synonymous, but which more strictly relates to shipping and its incidents. As the subjects with which commercial law, eveD as administered in any one country, has 'to deal are dispersed throughout the globe, it results that commercial law is less local and more cosmopolitan in its character than any other great branch of municipal law; and the peculiar genius of the common law, in adapting recognized principles of right to new and ever-varying combinations of facts, has here found a field where its excellence has been most clearly shown. The various systems of commercial law have been well contrasted by Leone Levi in his collection entitled "Commercial Law, its Principles and Administration, or the Mercantile Law of Great Britain compared with the Codes and Laws of Commerce of all the Important Mercantile Countries of the Modern World, and with the Institutes of Justinian;" London, 1850-52; a work of great interest both as a contribution to the project of a mercantile code and as a manual of present use. As to the rule in the federal courts, see Swift v. Tyson, 16 Pet. (U. S.) 1, 10 L. Ed. 865; Carpenter v. Ins. Co., 16 Pet. (U. S.) 511, 10 L Ed. 1044; Burgess v. Seligman, 107 U. S. 33, 2 Sup. Ct. 10, 27 L. Ed. 359, where Bradley, J., says, "Wbere the law has not been settled, it is the right and duty of the federal courts to exercise their own judgment, as they also always do in reference to the doctrines of commercial law." See United States Couets.

A phrase used to designate the whole body of substantive jurisprudence applicable to the rights, intercourse, and relations of persons engaged in commerce, trade, or mercantile pursuits. It is not a very scientific or accurate term. As foreign commerce is carried on by means of shipping, the term has come to be used occasionally as synonymous with "maritime law;" but, in strictness, the phrase "commercial law" is wider, and includes many transactions or legal questions which have nothing to do with shipping or its incidents. Watson v. Tarpley, 18 How. 521, 15 L. Ed. 509; Williams v. Gold Hill Min. Co.. (C. C.) 96 Fed. 464.

Defined under Commercial in Black's Law Dictionary.

The law by which the commerce of nations is regulated. V. Maritime law.

A phrase used to designate the whole body of substantive jurisprudence applicable to the rights, intercourse, and relations of persons engaged in coinmerce, trade, or mercantile pursuits. It is not a very scientific or accurate term. As foreign commerce is carried on by means of shipping, the term has come to be used oceasionally as synonymous with “maritime law;” but, in strictness, the phrase “commercial law” is wider, and includes many transactions or legal questions which have nothing to do with shipping or its incidents.

The law by which the commerce of nations is regidated. The word commercial here so far implies intercourse by sea, or by means of shipping, as to be eonstantly used sbao Bt aa the 67nonyme of maritime, 8 Kent's Cam. 1 — 2 1. See Mariiime law,