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A broad idea that describes the Substantive Law that governs transactions between enterprise entities, except for maritime transportation of goods (regulated by Admiralty and Maritime Law ). Commercial law contains all elements of enterprise, together with promoting and advertising and marketing, collections and Chapter , banking, contracts, negotiable devices, Secured Transactions , and trade on the whole. Efforts have been made to create a unified physique of commercial regulation within the United States; essentially the most successful of these attempts has resulted in the normal adoption of the Uniform Business Code , which has been adopted in all 50 states (with some modification by state legislatures), the District of Columbia , and the U.S. territories.
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