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Commercial Law
Commercial law, also referred to as business law, pertains to public and private laws in the areas of business and commerce. Considered a branch of civil law, commercial law includes all municipal, state, and federal laws regulating businesses and commerce. Civil codes and regulatory schemes under commercial law address areas such as banking, mortgages, sales, and consumer credit, while also outlining fair practice in areas such as wages, hiring, and employee safety.
The Uniform Commercial Code (UCC or the Code) is one of the longest civil codes, adopted by most states in the 1950s, standardizing a wide range of commercial transactions commonly practiced by most businesses. Presently, all states in the U.S. have adopted the UCC in its entirety, in one form or another, barring the state of Louisiana, which has adopted most provisions but prefers to exercise its own civil law regarding the sale of goods.
At the federal level, commercial/business law may include labor law, employment law, antitrust law, and immigration law.