What is COMMERCIAL LAW?

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. 500: Williams v. Gold Hill Min. Co. (C. C.) 96 Fed. 464

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