What is the definition of commercial law?

Commercial Law, also known as business law, is the body of law that governs the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. Commercial Law includes within its scope such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange and partnership. In Florida, Commercial Law is the set of rules and regulations that govern the activities of businesses, such as the sale and purchase of goods and services, the performance of contracts, and the financing of investment projects. It also includes the laws that apply to all forms of business transactions, such as taxation and competition law. Commercial Law serves to protect both the businesses and their customers from fraudulent conduct or unethical behavior.

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What is the definition of commercial law?

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