What is commercial law? This branch of law is understood as the set of norms that regulate legal relations arising in the course of carrying out activities related to commerce in Russia. When disclosing this concept, it is necessary to determine what specifically is meant when talking about this type of activity and social relations appearing in its process.
What is commercial law?
Types of relations under commercial law
Commercial activity is understood to be goodorganized activities that are carried out within the limits of property relations and are directly aimed at extracting the maximum benefit. Accordingly, the commercial relations that constitute the subject of this branch of law are the relationships between the subjects of business activity.
Commercial relationships areentrepreneurial and non-entrepreneurial. Under the entrepreneurial relationship is understood as an independent activity with certain risks. It is aimed at the systematic extraction of profits from the use of property, the sale of goods, the performance of various types of work or the provision of services.
Trade can only participate in thosesubjects who have for this purpose a special permission to trade at a professional level, or in which charters trade is one of the tasks. These subjects are legal entities, individual entrepreneurs, as well as special subjects. In commercial law, it is not supposed that individuals acted as subjects.
Sources of commercial law
The legislation on commerce is the sum of normative acts. They contain the norms of the law of various industries, which regulate business.