Nature of Commercial Law
Commercial law can be described as all of the following:
- Branch of law – law is a system of rules and guidelines which are enforced through social institutions to govern behavior, wherever possible.
Read more about this topic: Outline Of Commercial Law
Famous quotes containing the words nature, commercial and/or law:
“Such is the nature of crowds: either they are humble and servile or arrogant and dominating. They are incapable of making moderate use of freedom, which is the middle course, or of keeping it.”
—Titus Livius (Livy)
“So by all means let’s have a television show quick and long, even if the commercial has to be delivered by a man in a white coat with a stethoscope hanging around his neck, selling ergot pills. After all the public is entitled to what it wants, isn’t it? The Romans knew that and even they lasted four hundred years after they started to putrefy.”
—Raymond Chandler (1888–1959)
“My hope is ... that we may recover ... something of a renewal of that vision of the law with which men may be supposed to have started out with in the old days of the oracles, who communed with the intimations of divinity.”
—Woodrow Wilson (1856–1924)