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What Is The Importance Of Commercial Law?

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Commercial law is considered very important in any state because it maintains peace, security and order in the economy. Commercial law is essential for following the moral values and monitoring the changing needs of an economy especially a developing economy. Commercial law is also known as business law and it gives a body of law which helps in governing the businesses. Commercial law also gives a regulatory control over the commercial transactions and helps in saving the interests of businesses and society.

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