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Commerce

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Commerce

The trade of products, merchandise, or any kind of Private Property. Commerce and visitors carried on between totally different peoples or states and its inhabitants, together with not solely the acquisition, sale, and trade of commodities but in addition the instrumentalities, companies, and means by which enterprise is achieved. The transportation of individuals and items, by air, land, and sea. The trade of merchandise on a big scale between totally different locations or communities.

Though the phrases commerce and commerce are sometimes used interchangeably, commerce refers to large-scale enterprise exercise, whereas commerce describes industrial visitors inside a state or a neighborhood.

West’s Encyclopedia of American Legislation, version 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

BILLS PAYABLE, COMMERCE. Engagements which a service provider has entered into in writing, and which he’s to pay on their changing into due. Pard. n. 85.

COMMERCE, commerce, contracts. The trade of commodities for commodities; thought-about in a authorized viewpoint, it consists within the varied agreements which have for his or her object to facilitate the trade of the merchandise of the earth or trade of man, with an intent to understand a revenue. Pard. Dr. Coin. n. 1. In a narrower sense, commerce signifies any reciprocal agreements between two individuals, by which one delivers to the opposite a factor, which the latter accepts, and for which he pays a consideration; if the consideration be cash, it’s referred to as a sale; if every other factor than cash, it’s referred to as trade or barter. Domat, Dr. Pub. liv. 1, tit. 7, s. 1, n. 2. Congress have energy by the structure to manage commerce with international nations and among the many a number of states, and with the Indian tribes. 1 Kent. 431; Story on Const. Sec. 1052, et seq. The sense through which the phrase commerce is used within the structure appears not solely to incorporate visitors, however intercourse and navigation. Story, Sec. 1057; 9 Wheat. 190, 191, 215, 229; 1 Tuck. Bl. App. 249 to 252. Vide 17 John. R. 488; 4 John. Ch. R. 150; 6 John. Ch. R. 300; 1 Halst. R. 285; Id. 236; 3 Cowen R. 713; 12 Wheat. R. 419; 1 Brock. R. 423; 11 Pet. R. 102; 6 Cowen, R. 169; 3 Dana, R. 274; 6 Pet. R. 515; 13 S. & R. 205.

A Legislation Dictionary, Tailored to the Structure and Legal guidelines of america. By John Bouvier. Revealed 1856.

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