Examples of Commercial Business in a sentence General Aggregate $2,000,000 per ProjectAdditional Requirements for Commercial General Liability Insurance are as follows: Commercial business Automobile Liability Insurance. Wy'East Law Firm Executive Summary . Misappropriation can be a very broad tort because it covers more than just a photograph or drawing being used without permission—it covers any likeness or identifying characteristic. These laws were written long before you were even born, therefore, the perceptions of then and now has drastically changed. Business Law Case Studies Examples. Commercial activity is an activity intended for exchange in the market with the goal of earning an economic profit. The example law essays below were written by students to help you with your own studies. According to contract law, an agreement made between two or more people or business entities, in which there is a promise to do something in return for a gain or advantage, is legally binding. In corporate law, an indemnity agreement serves to hold Board Directors and company executives free from personal liability if the company becomes sued or suffers damages. Recent revisions to Article 2 (governing the sale of goods) and Article 9 (governing secured transactions) took several years to complete. Commercial law governs the broad areas of business, commerce, and consumer transactions. For example, in 1988 Ford Motor Company approached Bette Midler to sing a song for a commercial, which she declined to do. Commercial transaction, in law, the core of the legal rules governing business dealings. Commercial law governs the broad areas of business, commerce, and consumer transactions. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Thus, not only is commercial law substantially uniform throughout the United States, but also those who conduct business can proceed with commercial transactions with some degree of certainty as to the law that governs those transactions. Specific law has developed in a number of commercial fields. These laws can be enacted by: 1. International or national legislation 2. In recent years this body of law has been codified in the Uniform Commercial Code, which has been almost universally adopted by the states. Do NOT file a case! Contract law is a body of law that governs, enforces, and interprets agreements related to an exchange of goods, services, properties, or money. A civil case settles a personal or business conflict when an individual or group feels wronged by a defendant or … A … Understanding Commercial . Wy’East Law Firm (WLF) is a boutique technology law firm located in Portland, Oregon. The Commissioners on Uniform Laws, in conjunction with the American Law Institute and other organizations, periodically revises the articles of the UCC. They define whats right and wrong, and outline the kind of behavior that businesses should not engage in. Commercial law is one of the most important legal areas of your business. Business laws broadly govern the areas of commercial transactions, sales, mortgages, contracts, bankruptcies, etc. A broad concept that describes the Substantive Law that governs transactions between business entities, with the exception of maritime transportation of goods (regulated by Admiralty and Maritime Law). A sole proprietorship is the most common and simplest form of business ownership. The firm will be lead by Richard Bloom, a seasoned attorney previously with (name omitted)’s e-group. It is often considered to be a branch of civil law and deals both with issues of private law and public law. If you are looking for help with your law essay then we offer a comprehensive writing service provided by fully qualified academics in your field of study. It's always easier to write something if you can read an example first, so here's an executive summary example that you can use as a model for your own business plan's executive summary. Pursuant to the Uniform Commercial Code, "Commercial tort claim" means a claim arising in tort with respect to which the claimant is an organization; or the claimant is an individual. These include: The Uniform Commercial Code, which has been substantially adopted as statutory law in nearly every state, governs numerous areas of commercial law. The law of agency is defined as the ability to act through another. Course Summary Business 103: Introductory Business Law has been evaluated and recommended for 3 semester hours and may be transferred to over 2,000 colleges and universities. 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