Commercial code meaning (what is it, concept and definition)

What is the Commercial Code:

The commercial code is a set of norms and precepts that regulate commercial relations and activities. Each country has its own commercial code, adapted to its current legal framework.

The word code necessarily refers to a strict and closed body of referential norms and criteria that regulate the exercise of some type of activity. In this case, it specifically refers to commercial activity within a geographical area of ​​constituency.

Commercial activity refers to obtaining merchandise for sale, regardless of its nature. Therefore, the commercial code covers all activities related to finished and semi-finished products: production, procurement, distribution, sale and rental.

This type of document has its origin in the contemporary age. The first referential commercial code for modern society was that of France. The French commercial code came into force in 1807, during the government of Napoléon Bonaparte, also responsible for the first modern civil code. This document brought together standards, criteria and good practices in commercial activity.

Currently, trade codes tend to transform or disappear, due to new changes facing the economy in the context of globalization.

See also:

• Commercial law Contemporary age

Scope of application of the commercial code

Normally, the commercial codes have application in different areas, such as:

1. Commercial companies, which are responsible for marketing, distributing and reselling products. Industrial companies that, in addition to marketing, distributing and reselling, produce their own merchandise. Exchange operations: refers to the mediation established by the commercial code in relative matters. to exchange checks, promissory notes and other types of financial instruments recognized for commercial transactions. Rental of goods produced or acquired.

See also:

• International trade Mercantile society