04-28-2023, 11:52 AM
Commercial Law
It is a branch of private law, and it is defined as a set of legal rules related to commercial business that are implemented on merchants. another and between the merchant and the customers, which is very necessary for the world of economy and commerce.
Characteristics of commercial law
Speed characteristic: as commercial transactions take place very quickly and quickly; This is because the time factor in trade and making profits, and making deals is very important, just as the fluctuations of the market and the economy have a relationship with it, and also the absence of commercial law from procedures and formations that impede business is a reason for the merchant to conclude more than one deal in a short time and very quickly, and speed in this Law is the opposite of civil law, which is characterized by slowness, stability and stability.
Credit characteristic, as the commercial law cares a lot about credit in an exaggerated way, and credit is summarized in giving the debtor a deadline for fulfillment, so the merchant always needs a period of time to implement all his undertakings, so he buys new goods before receiving their sold price, and the commercial law contains credit tools and institutions such as It includes the banking system, the commercial papers system, and the corporate system, and it also supports bankruptcy protection.
Sources of commercial law
Official sources
Legislation that comes in the first place from the sources.
Islamic law, which is the second source of commercial law, and is based on adjudicating commercial disputes through legal texts taken from the Holy Qur’an, the noble Prophet’s Sunnah, diligence, and consensus.
Custom: It is in the third degree of its arrangement among the sources, and it is what merchants used to follow in terms of provisions and rules in organizing all their commercial transactions.
Interpretive sources
Judiciary: It is defined as a set of rulings issued by various courts in all disputes related to trade.
Jurisprudence: It is defined as a group of the opinions of jurists, where the articles of commercial law are interpreted by deriving legal rulings from sources by means of scientific methods.
Commercial law differs from other laws in terms of characteristics, as it contains the feature of speed, especially credit, and this is what distinguished commercial law and made it independent and apparent from civil law.
TRANSLATED FROM:
شركة موشن جرافيك
شركة تصميم موشن جرافيك
موشن جرافيك
It is a branch of private law, and it is defined as a set of legal rules related to commercial business that are implemented on merchants. another and between the merchant and the customers, which is very necessary for the world of economy and commerce.
Characteristics of commercial law
Speed characteristic: as commercial transactions take place very quickly and quickly; This is because the time factor in trade and making profits, and making deals is very important, just as the fluctuations of the market and the economy have a relationship with it, and also the absence of commercial law from procedures and formations that impede business is a reason for the merchant to conclude more than one deal in a short time and very quickly, and speed in this Law is the opposite of civil law, which is characterized by slowness, stability and stability.
Credit characteristic, as the commercial law cares a lot about credit in an exaggerated way, and credit is summarized in giving the debtor a deadline for fulfillment, so the merchant always needs a period of time to implement all his undertakings, so he buys new goods before receiving their sold price, and the commercial law contains credit tools and institutions such as It includes the banking system, the commercial papers system, and the corporate system, and it also supports bankruptcy protection.
Sources of commercial law
Official sources
Legislation that comes in the first place from the sources.
Islamic law, which is the second source of commercial law, and is based on adjudicating commercial disputes through legal texts taken from the Holy Qur’an, the noble Prophet’s Sunnah, diligence, and consensus.
Custom: It is in the third degree of its arrangement among the sources, and it is what merchants used to follow in terms of provisions and rules in organizing all their commercial transactions.
Interpretive sources
Judiciary: It is defined as a set of rulings issued by various courts in all disputes related to trade.
Jurisprudence: It is defined as a group of the opinions of jurists, where the articles of commercial law are interpreted by deriving legal rulings from sources by means of scientific methods.
Commercial law differs from other laws in terms of characteristics, as it contains the feature of speed, especially credit, and this is what distinguished commercial law and made it independent and apparent from civil law.
TRANSLATED FROM:
شركة موشن جرافيك
شركة تصميم موشن جرافيك
موشن جرافيك