Commercial scope defined to include mercantile transactions and related trades, affecting characterization and statutory treatment. The term commercial encompasses ordinary transactions of merchants and traders and related causes such as construction of mercantile documents, export and ... Summary
Commercial scope defined to include mercantile transactions and related trades, affecting characterization and statutory treatment.
The term commercial encompasses ordinary transactions of merchants and traders and related causes such as construction of mercantile documents, export and import of merchandise, affreightment, insurance, banking, mercantile agency and mercantile usage; entities deriving revenue from trade-related activities-exemplified by an incorporated canal company earning tolls-may be characterised as associated for commercial purposes for statutory treatment.
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