The importance of commercial law in society lies in its very origin. By supervising, reviewing and regulating each commercial transaction, it guarantees a fair and clean environment for economic activity, thus protecting a fundamental pillar in the economy of a country and the world.
That is why commercial law is important for society, since it provides the right margin for the performance of exchanges of goods and services .
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Why is commercial el salvador phone data law important for a business?
Commercial law is important in a business as it is one of the best tools to ensure fair practices in the purchase and sale of products and services . Through an expert in commercial law, it is possible to protect and safeguard the particular interests of a business.
What is commercial law? Basic aspects to understand it
What is the main objective of commercial law?
The main objective of commercial law is the dynamics of the exchange of goods and services , or better called, commercial acts , as well as each and every one of the legal implications arising from these.
What is a commercial act?
A commercial act or act of commerce refers to all those legal acts derived from the exchange of goods and services regulated by commercial law , some of which are:
The purchase and sale and leasing of real estate.
The purchase and sale of securities of commercial companies.
Acts inherent to supply and supply companies.
Commercial mediation operations.
Bank operations
Insurance contracts.
Checks, bills of exchange and remittances.
Contracts concluded between merchants.
Contracts related to maritime or air trade.
Credit instruments payable to order or bearer.
And many more! Depending on the regulation you rely on, you may find unique particularities between countries. Commercial law in Mexico finds its support in the Commercial Code and the Federal Civil Code, along with the General Law of Commercial Companies, the Foreign Trade Law, the Commercial Bankruptcy Law, the Law of Credit Institutions, among others.