What is the Meaning of: Act of commerce | Concept and Definition of: Act of commerce
An act of commerce is an acquisition for consideration (i.e., which must be paid) of tangible personal property or right on this one, which is carried out for its insane. This benefit can if get in the same State where the personal property has been obtained or after the having provided another form having thus increased or reduced its value.
It is appropriate to point out that is termed good furniture everything good that can be transported without changing its structure. It is the opposite concept of building, or the houses, buildings and land.
The Trade Act is a legal act which distinguishes the case part of the commercial law of those who are subject to the rules of civil law. A legal act is a voluntary act that takes place to establish legal relations between people to create, modify, or revoke rights.
The concept of commercial transaction is exclusionary: If this is not an act of commerce, it is governed by the civil law. Otherwise, it is subject to commercial law. However, there are mixed acts, which are commercial for one of the parties and civil to each other.
Formerly, commercial transactions were subjective, because they do dirimaient not following State authority. On the other hand, at the beginning of the 19th century, they took an objective nature thus becoming to place themselves under the interference of the State.
Regulation of commercial transactions depends on the laws in force in each country. It is these standards that establish the capabilities, skills and terms such acts, in accordance with the procedures that match them.