COMMERCIAL LAWcommercial law.
1. The substantive law dealing with the sale and distribution of goods, the financing of credit transactions on the security of the goods sold, and negotiable instruments. ? Most American commercial law is governed by the Uniform Commercial Code.
¡ª Also termed mercantile law.
¡°Although the term commercial law is not a term of art in American law it has become synonymous in recent years with the legal rules contained in the Uniform Commercial Code.¡± Jonathan A. Eddy & Peter Winship, Commercial Transactions 1 (1985).
2. LAW MERCHANT.
How do bilingual lawyers in China usually translate the term COMMERCIAL LAW?