business law

Common Stock

Definition

A class of stock or securities which represents equity ownership in a corporation.  Common stock typically comes with voting rights, permitting shareholders control over the company by electing a board of directors and voting on corporate matters. Common stock is last in priority, thus in the event of liquidation, holders of common stock must wait to be repaid until creditors and preferred shareholders are repaid first.

Commerce

In 15 U.S.C. §1127:

 1) The exchanging, buying, or selling of things having economic value between two or more entities, for example goods, services, and money.  Commerce is often done on a large scale, typically between individuals, businesses, or nations.  

 2) The Lanham Act (trademark) provides that a mark is all be deemed to be in "use in commerce"

   (1) on goods when: 

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