What is the Commercial Code

The Commercial Code It is a set of rules and precepts that regulate commercial relations and activities. Each country has its own commercial code, adapted to its current legal framework.

Commercial activity refers to obtaining merchandise for sale, regardless of its nature. Therefore, the commercial code covers all activities related to finished and semi-finished products: production, procurement, distribution, sale and rental.

This type of document has its origin in the contemporary age. The first referential commercial code for modern society was that of France. The French commercial code came into force in the year 1807, during the government of Napoléon Bonaparte, also responsible for the first modern civil code. This document brought together standards, criteria and good practices in commercial activity.

Currently, commercial codes tend to be transformed or disappear, due to the new changes facing the economy in the context of globalization.

The word code necessarily refers to a strict and closed body of standards and referential criteria that regulate the exercise of some type of activity. In this case, it refers specifically to the commercial activity within a geographical area of ​​the constituency.

See also: Commercial law and Contemporary age

Areas of application of the commercial code

Normally, commercial codes have application in different fields, such as:

  1. Commercial companies, which are responsible for marketing, distributing and reselling products.
  2. Industrial companies that, in addition to marketing, distributing and reselling, produce their own merchandise.
  3. Exchange operations: refers to the mediation established by the commercial code in matters related to exchange checks, promissory notes and other types of financial instruments recognized for commercial transactions.
  4. Rental of goods produced or purchased.
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See also: trading company