Search Results for: COMMERCIAL LAW

adventure

adventure. 1. A commercial undertaking that has an element of risk; a venture. Cf. JOINT VENTURE. 2. Marine insurance. A voyage involving financial and insurable risk, as to a shipment of goods. — Often shortened to venture. [Cases: Insurance 2214.] common adventure. A maritime enterprise, characterized as an undertaking in which all participants, including the

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federal arbitration act

Federal Arbitration Act. A federal statute providing for the enforcement of private agreements to arbitrate disputes related to interstate commercial and maritime matters. • Under the Act, arbitration agreements are enforced in accordance with their terms, just as other contracts are. The Act supersedes substantive state laws that frustrate enforcement of arbitration agreements, but it

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false advertising

false advertising, n. 1. The tortious and sometimes criminal act of distributing an advertisement that is untrue, deceptive, or misleading; esp., under the Lanham Trademark Act, an advertising statement that tends to mislead consumers about the characteristics, quality, or geographic origin of one’s own or someone else’s goods, services, or commercial activity. • Under §

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department of justice

Department of Justice. The federal executive division that is responsible for federal law enforcement and related programs and services. • The U.S. Attorney General heads this department, which has separate divisions for prosecuting cases under federal antitrust laws, tax laws, environmental laws, and criminal laws. The department also has a civil division that represents the

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consolato del mare

Consolato del Mare (kawn-soh-lah-toh del mah-ray). [Italian “consolate of the sea”] Hist. Maritime law. An influential collection of European maritime customs, referred to by commercial judges (consuls) in ports of the kingdom of Aragon and other Mediterranean maritime towns. • The Consolato del Mare was compiled in the 14th century and soon became one of

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uniform deceptive trade practices act

Uniform Deceptive Trade Practices Act. A 1964 model state statute that codified many common-law intellectual-property torts, such as trademark infringement, passing off, trade disparagement, and false advertising, and that provided additional consumer protection against other forms of commercial deception. • The Act provides a laundry list of prohibited practices, all involving misrepresentation. — Abbr. UDTPA.

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hallmote

hallmote (hahl-moht), n. 1. Hist. A court baron; specif., an annual court, presided over by the lord of the manor, to decide civil disputes between feudal tenants. • The court was usu. held in the manor’s great hall. See COURT BARON. 2. A trade-guild’s commercial court, in which guild members were tried for trade-related offenses

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