Commercial Code
The Commercial Code is a set of laws that govern business and commercial transactions. It provides a legal framework for various aspects of commerce, including contracts, sales, and partnerships. By establishing clear rules, the Commercial Code helps ensure fairness and predictability in business dealings.
Different countries may have their own versions of the Commercial Code, such as the Uniform Commercial Code (UCC) in the United States. These codes aim to standardize business practices and protect the rights of all parties involved in commercial activities, promoting a stable economic environment.