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commercial partnership.See trading partnership under PARTNERSHIP. [Blacks Law 8th]

commercial name.See TRADENAME. [Blacks Law 8th]

  commercial morality.Collectively, fair practices among competitors. • Commercial espionage is often cited by courts as being below accepted standards of commercial morality. [Blacks Law 8th]

commercially significant noninfringing use.Intellectual property. The routine use of a product in a way that does not infringe intellectual-property rights; the judicial test for determining whether the sale of a product amounts to contributory infringement. • If the product (such as a videotape recorder) can be used in a way that does not infringe those…

commercially reasonable,adj. (Of a property sale) conducted in good faith and in accordance with commonly accepted commercial practice. • Under the UCC, a sale of collateral by a secured party must be done in a com-mercially reasonable manner, or the obligor’s liability for any deficiency may be reduced or eliminated. UCC §§ 9-610(b), 9-626. [Cases:…

commercial loan.See LOAN. [Blacks Law 8th]

commercial letter of credit.See LETTER OF CREDIT. [Blacks Law 8th]

commercial lease.See LEASE. [Blacks Law 8th]

commercial-law notice.See NOTICE. [Blacks Law 8th]

commercial law. 1. The substantive law dealing with the sale and distribution of goods, the financing of credit transactions on the security of the goods sold, and negotiable instruments. • Most American commercial law is governed by the Uniform Commercial Code. — Also termed mercantile law.“Although the term commercial law is not a term of…