commercial Law Flashcards
deals with the issues of both private law and public law
commercial law
advising clients, drafting of contracts
= does not involve a dispute
non-contentious work
involves a dispute, which could be litigation mediation or artbitration
contentious work
responsable for negotiating and implementing new trade agreements
World Trade Organisation
tasks of a commercial lawyer
-analysing technical documents
-submitting patent applications
-writing patent drafts
-handling cargo claims
Which field deals with the legal rights associated with products of the mind, such as patents, copyrights and trademarks?
intellectual property
Which field involves the laws and regulations governing market behaviour, particularly agreements and practices that restrict free enterprise?
competition
Which institution deals with the supply of credit information about business organisations to other businesses and financial institutions?
a mercantile agency
Which field is concerned with the legal relationships between the shipper (or owner) of goods, the carrier, and the receiver/consignee of goods?
carriage of goods
Which field focuses on the laws regulating money paid to the government in connection with commercial transactions?
tax
person who acts on behalf of another person (principal)
agency
when someone cannot pay what they owe, and all their property is surrounded to a court-appointed person who liquidates the property to pay the claims of creditors
bankruptcy
a loan or credit transaction in which the lender acquires a security interest in certain property owned by the borrower and has the right to repossess the property if the borrower cannot pay
a secured transaction
documents which represent a right of payment for a specified sum of money on demand or at a defined time
negiotable instrument
payment to someone who sells goods which is directly related to the amount of goods sold
commission
