commercial law: an overview Commercial law governs the broad
areas of business, commerce, and consumer transactions. Specific
law has developed in a number of commercial fields. These
include: The Uniform Commercial Code, which has been
substantially adopted as statutory law in nearly every state,
governs numerous areas of commercial law. Currently it is
divided into thirteen Articles: Definition from Nolo’s Plain-
English Law Dictionary The law that applies to the rights,
relations, and conduct of persons and businesses engaged in
commerce, merchandising, trade, and sales. In recent years this
body of law has been codified in the Uniform Commercial Code
(UCC), which has been almost universally adopted by the U.S.
states. Definition provided by Nolo’s Plain-English Law
Dictionary. August 19, 2010, 5:12 pm