Commerce refers generally to the activity of exchanging products, goods, and services for financial gain. The word commerce usually is used to mean economic activity broadly on a national or other large scale. Commerce can be used in many contexts but is most commonly used by governments in their constitutions and laws to define the authority of the government to regulate commerce activity.
The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, among states, and with the Indian tribes.”
In the interest of U.S.
Commerce power refers to Congress’s power to regulate the channels and instrumentalities of interstate commerce.
Commercial exploitation is a term referring to all activities used to benefit commercially from one's property.
Whether a party can commercially exploit their property depends on what kind of property it is and in what manner that property is owned.
Commercial law is the broad area of law that covers virtually all business, commerce, and consumer transactions. Historically, the term commercial law tends to emphasize merchant relations with consumers or broader trade, but the term frequently is used to refer to any law that addresses business, including law protecting consumers. Given it's breadth, commercial law is made up of numerous categories of law, including:
Commercial speech refers to any speech which promotes at least some type of commerce. As established in Central Hudson v. Public Svn. Comm’n, commercial speech is less protected under the First Amendment than other forms of speech.
A commercial tort claim is a type of claim arising out of an action in tort.
Commingled goods refer to goods so physically united with other goods such that the identity of the original goods is lost.
The new good created from commingled goods is known as a product or mass. Whether a good is commingled is of particular importance when discussing secured transactions.
A commission is a fee or remuneration paid in return for services rendered. Commission is often calculated as a percentage of the total transaction; a commission can be separate and in addition to fixed wages, or it can be the sole form of compensation, known as straight commission.
