Commercial Law
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Commercial Law
Commercial law, also known as mercantile law or trade law, is the body of law that applies to the rights, relations, and conduct of persons and business engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both private law and public law. Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange, negotiable instruments, contracts and partnership. Many of these categories fall within Financial law, an aspect of Commercial law pertaining specifically to financing and the financial markets. It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements of their commercial law. In the United States, commercial law is the pr ...
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Legal Person
In law, a legal person is any person or 'thing' (less ambiguously, any legal entity) that can do the things a human person is usually able to do in law – such as enter into contracts, sue and be sued, own property, and so on. The reason for the term "''legal'' person" is that some legal persons are not people: companies and corporations are "persons" legally speaking (they can legally do most of the things an ordinary person can do), but they are not people in a literal sense. There are therefore two kinds of legal entities: human and non-human. In law, a human person is called a ''natural person'' (sometimes also a ''physical person''), and a non-human person is called a ''juridical person'' (sometimes also a ''juridic'', ''juristic'', ''artificial'', ''legal'', or ''fictitious person'', la, persona ficta). Juridical persons are entities such as corporations, firms (in some jurisdictions), and many government agencies. They are treated in law as if they were persons. Whil ...
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Final Good
A final good or consumer good is a final product ready for sale that is used by the consumer to satisfy current wants or needs, unlike a intermediate good, which is used to produce other goods. A microwave oven or a bicycle is a final good, but the parts purchased to manufacture them are intermediate goods. When used in measures of national income and output, the term "final goods" includes only new goods. For example, gross domestic product (GDP) excludes items counted in an earlier year to prevent double counting based on resale of items. In that context, the economic definition of goods also includes what are commonly known as ''services''. Manufactured goods are goods that have been processed in any way. They are distinct from raw materials but include both intermediate goods and final goods. Law There are legal definitions. For example, the United States' Consumer Product Safety Act has an extensive definition of consumer product, which begins: CONSUMER PRODUCT.--The ...
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Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated between the Baltic and North seas to the north, and the Alps to the south; it covers an area of , with a population of almost 84 million within its 16 constituent states. Germany borders Denmark to the north, Poland and the Czech Republic to the east, Austria and Switzerland to the south, and France, Luxembourg, Belgium, and the Netherlands to the west. The nation's capital and most populous city is Berlin and its financial centre is Frankfurt; the largest urban area is the Ruhr. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity. A region named Germania was documented before AD 100. In 962, the Kingdom of Germany formed the bulk of the Holy Roman Empire. During the 16th ce ...
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Holland
Holland is a geographical regionG. Geerts & H. Heestermans, 1981, ''Groot Woordenboek der Nederlandse Taal. Deel I'', Van Dale Lexicografie, Utrecht, p 1105 and former province on the western coast of the Netherlands. From the 10th to the 16th century, Holland proper was a unified political region within the Holy Roman Empire as a county ruled by the counts of Holland. By the 17th century, the province of Holland had risen to become a maritime and economic power, dominating the other provinces of the newly independent Dutch Republic. The area of the former County of Holland roughly coincides with the two current Dutch provinces of North Holland and South Holland into which it was divided, and which together include the Netherlands' three largest cities: the capital city (Amsterdam), the home of Europe's largest port (Rotterdam), and the seat of government (The Hague). Holland has a population of 6,583,534 as of November 2019, and a population density of 1203/km2. The name '' ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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Ancona
Ancona (, also , ) is a city and a seaport in the Marche region in central Italy, with a population of around 101,997 . Ancona is the capital of the province of Ancona and of the region. The city is located northeast of Rome, on the Adriatic Sea, between the slopes of the two extremities of the promontory of Monte Conero, Monte Astagno and Monte Guasco. Ancona is one of the main ports on the Adriatic Sea, especially for passenger traffic, and is the main economic and demographic centre of the region. History Greek colony Ancona was populated as a region by Picentes since the 6th century BC who also developed a small town there. Ancona took a more urban shape by Greek settlers from Syracuse, Italy, Syracuse in about 387 BC, who gave it its name: ''Ancona'' stems from the Greek word (''Ankṓn''), meaning "elbow"; the harbour to the east of the town was originally protected only by the promontory on the north, shaped like an elbow. Greek merchants established a Tyrian pur ...
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Benvenuto Stracca
The Republic of Ancona was a medieval commune and maritime republic notable for its economic development and maritime trade, particularly with the Byzantine Empire and Eastern Mediterranean, although somewhat confined by Venetian supremacy on the sea. It enjoyed excellent relations with the Kingdom of Hungary,Guida rossa (red guide) of Touring Club Italiano (page 88). was an ally of the Republic of Ragusa, and maintained good relations with the Turks. All these relationships enabled it to serve as central Italy's gateway to the Orient. Included in the Papal States since 774, Ancona came under the influence of the Holy Roman Empire around 1000, but gradually gained independence to become fully independent with the coming of the communes in the 11th century, under the high jurisdiction of the papal state. Its motto was ('Dorian Ancona, city of faith'), referencing the Greek foundation of the city. Ancona was an oligarchic republic ruled by six Elders, elected by the three '' t ...
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Maritime Republics
The maritime republics ( it, repubbliche marinare), also called merchant republics ( it, repubbliche mercantili), were Thalassocracy, thalassocratic city-states of the Mediterranean Basin during the Middle Ages. Being a significant presence in Italy in the Middle Ages, four of them have the coat of arms inserted in the flag of the Italian Navy since 1947: Republic of Venice, Venice, Republic of Genoa, Genoa, Republic of Pisa, Pisa, and Duchy of Amalfi, Amalfi; the other republics are: Republic of Ragusa, Ragusa (now Dubrovnik), Republic of Gaeta, Gaeta, Republic of Ancona, Ancona,Peris Persi, in ''Conoscere l'Italia'', vol. Marche, Istituto Geografico De Agostini, Novara 1982 (p. 74); AA.VV. ''Meravigliosa Italia, Enciclopedia delle regioni'', edited by Valerio Lugoni, Aristea, Milano; Guido Piovene, in ''Tuttitalia'', Casa Editrice Sansoni, Firenze & Istituto Geografico De Agostini, Novara (p. 31); Pietro Zampetti, in ''Itinerari dell'Espresso'', vol. Marche, edited by Neri Pozza ...
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Middle Ages
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Ro ...
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Occupational Safety And Health Act
The Occupational Safety and Health Act of 1970 is a US labor law governing the federal law of occupational health and safety in the private sector and federal government in the United States. It was enacted by Congress in 1970 and was signed by President Richard Nixon on December 29, 1970. Its main goal is to ensure that employers provide employees with an environment free from recognized hazards, such as exposure to toxic chemicals, excessive noise levels, mechanical dangers, heat or cold stress, or unsanitary conditions. The Act created the Occupational Safety and Health Administration (OSHA) and the National Institute for Occupational Safety and Health (NIOSH). The Act can be found in the United States Code at title 29, chapter 15. History of federal workplace safety legislation Few workplace health and safety protections were available through the federal government before the passage of OSHA. The American system of mass production encouraged the use of machinery, while the s ...
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Uniform Commercial Code
The Uniform Commercial Code (UCC), first published in 1952, is one of a number of Uniform Acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States. While largely successful at achieving this ambitious goal, some U.S. jurisdictions (e.g., Louisiana and Puerto Rico) have not adopted all of the articles contained in the UCC, while other U.S. jurisdictions (e.g., American Samoa) have not adopted any articles in the UCC. Also, adoption of the UCC often varies from one U.S. jurisdiction to another. Sometimes this variation is due to alternative language found in the official UCC itself. At other times, adoption of revisions to the official UCC contributes to further variation. Additionally, some jurisdictions deviate from the official UCC by tailoring the language to meet their unique needs and ...
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