Business law is a wide body of law that governs business and commercial transactions.
Business law encompasses the law governing contracts, sales, agency and employment law, business organizations, property, and bailments.
Other areas include insurance, and consumer and creditor protection.
Business law also deals with issues such as :
- Starting a business
- Selling or buying a small business
- Managing a business
- Dealing with employees
Commercial law includes :
All aspects of business
Including advertising and marketing
Collections and bankruptcy