17. Business/Commercial Law

Business and Commercial law governs the rights, relations and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. This body of law has been codified in the Uniform Commercial Code, which has been almost universally adopted by the states. Commercial law includes all aspects relating to business, including advertising and marketing, collections and Bankruptcy, banking, contracts, negotiable instruments, Secured Transactions, and trade in general. It covers both domestic and foreign trade; it also regulates trade between states.