Legal Definition and Regulation of Commercial Transactions
Classified in Law & Jurisprudence
Written on in
English with a size of 3.03 KB
Commercial Transactions: Legal Foundations
Defining a Commercial Transaction
The definition of a commercial transaction is founded upon a special Commercial Code and typically combines two core elements:
- Definition of a merchant
- Definition of a commercial transaction
Commercial Transaction Definition: Germany and France
In certain countries—Germany, for example—the emphasis is placed on the definition of the merchant; in others, such as France, the emphasis is on that of the commercial transaction. This latter criterion, the so-called objective test, was adopted in the 19th century for ideological reasons, as the French wanted to avoid any repetition of the pre-Revolutionary differentiation of legal rules according to the social condition of... Continue reading "Legal Definition and Regulation of Commercial Transactions" »