Commercial - What is it?, companies, law, activities and more

Commercial

The term is used as an adjective to refer to all activities related to commerce.

What is commercial?

Commercial is a term used as an adjective to refer to all activities related to commerce within a market, such as the processes, activities, and movements involved in the purchase and sale of goods or services and for-profit or profit.

The commercial term comes from the word merchant, which refers to the trade and traffic of goods that can be products or services.

commercial companies

Also known as commercial companies, commercial companies are the economic entities that allow commercial activities to be carried out.

This type of company is constituted by means of a legal agreement between two or more people to contribute with social capital, which subsequently constitutes the company's assets and allows it to develop its commercial activities.

Although there are various ways of classifying commercial companies, the most common are mentioned below:

• Companies according to their capital:
  • Mixed economy company.
  • Simplified stock company. (SAS).
  • Anonymous society. (SA).
  • Company limited by shares. (& CIA, SCA).
• Societies of people:
  • Simple limited partnership.
  • Collective society. (& Cia, Brothers, and Sons).
  • Limited liability company(LTDA).
  • Sole proprietorship. (US).
  • Cooperatives.

commercial law

Commercial law is derived from private law and is the set of established laws that are responsible for regulating the activity of buying and selling goods or services.

It is also used to resolve conflicts between merchants, regulating commercial companies that were created for economic purposes, in order to safeguard the rights of the merchant signed in the contract.

commercial activities

Commercial activities refer to the movement that takes place in the market regarding goods and services, that is, it refers to all the commercial activities carried out by merchants, for example:

• Banking activities.
• Acquisition of movable or immovable property.
• Sale of movable or immovable property.
• Acquisition of shares.
• Rental of a property.
• Rental of movable property.

Other uses and examples of the term "commercial"

Other uses applicable to the term “commercial” are the following:

• Commercial Registry: it is the registry made by an administrative entity of all the acts and situations related to registered entrepreneurs and commercial companies.
• A commercial offer is the binding and irrevocable notification of a proposal that expresses the intention to sign a commercial agreement or contract.
• Commercial customs: it is a set of commercial practices carried out in such a repetitive way for a period of time, by the merchants, that it becomes a rule of conduct that reaches a legal connotation of law and can be a source of law.
• Commercial registration: it is the registration that is made in the commercial registry office.
• Commercialinsolvency: it is the scheme of last resort that a company carries out before declaring bankruptcy, to seek to establish negotiations with creditors.
• Commercial accounting: branch of accounting that specifically reflects the economic and legal information of the company's activities.
• Commercial practice: it is the set of common transactions between merchants that are not contemplated in the laws or regulations.
• Commercial trial: it is the type of trial regulated by the commercial code that is responsible for debating and deciding disputes arising from commercial activities.
• Commercial certificate: it is the proof of registration in the commercial registry that reflects the situation and information registered in said office.
• Commercial mediation: it is a mediation measure for the resolution of commercial conflicts between the parties involved.
• Commercial contracts: it is the type of contract signed on purely commercial activities.

 

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