Business Law governs business and commercial transactions. It is multifaceted to cover both private and public law. Many countries have adopted civil codes that contain comprehensive statements of their commercial laws. In the United States, business law is under Federal regulations and State regulations.
The Federal regulations regulate interstate commerce. Efforts have been made to further unify commercial law with successful efforts seen in the adoption of the Uniform Commercial Code.
Business Laws enforce merchant shipping, guarantees, insurances, billing, and partnerships. It aids in the regulation of corporate contracts, hiring practices, and the manufacture and sale of consumer goods. Business Laws aid in protecting businesses, employees, and consumers from fraud and other unfair business practices.