Contents Understanding commercial law The history of the formation and development of commercial law Principles of commercial law The concept and types of subjects of commercial law

Legal aspects of environmental management
Theme report: Commercial Law History
Written by: Bekzodjon Rakhmonberdiev 191AIB106

Contents

Understanding commercial law

The history of the formation and development of commercial law
Principles of commercial law
The concept and types of subjects of commercial law:

• 
  Limited Liability Company
  
• 
  Additional Liability Company
  
• 
  Joint-stock company
  

Understanding commercial law
The legal regulations that are most closely related to regular business activities are referred to as "COMMERCIAL LAW" in general. Although it is a phrase without a precise definition, the majority of commercial law is founded in some manner on the law of contracts, one of the biggest legal topics. For instance, bills and notes are particular types of contracts. Therefore, having a basic understanding of the rules governing contract law is a prerequisite to understanding company law in any way.
In the field of legal research, there is no agreement on what commercial law is. The attitude of the lawmaker, who conflates the terms "entrepreneurship" and "commerce," is linked to differences in viewpoints. The proportion of business and commercial law is determined by two factors:
The reason for the first place is that commercial law is business law. This implies that business interactions are commercial relationships and that businesspeople are entrepreneurs.
The second viewpoint results from the fact that not all entrepreneurial activity is commercial; only trade and customer service activities are considered to be commercial. Delivering, storing, and preparing products for sale are all steps in the selling process.
It appears that the second position is more accurate. Relationships in the area of entrepreneurship, or actions intended to generate consistent profits, are primarily governed by business law. This activity includes more than just trading. Trade is only one aspect of entrepreneurial activity; it also encompasses the exchange of valuable securities, banking, building, agriculture, invention, etc. As a result, the clear difference between commercial law and business law is the scope of regulation.
Social relationships that form as a result of trade operations or initiatives to push products from producer to a consumer can be referred to as the topic of commercial law.
Civil law establishes the legitimacy of business enterprises, governs the process for forming, altering, and terminating contracts establishes liability for breach of contract, and establishes methods for enforcing contractual commitments.
The principles of administrative law regulate interactions between private entities and public authorities, as well as matters relating to business entity registration, product certification and standards, pricing, and governmental supervision over commercial operations.
To sum up, commercial law is a distinct branch of business law that combines legal standards that govern commerce and are intimately connected to the relationships that develop between those who participate in the economic turnover.