A colorable transaction is a transaction that appears bona fide legitimate, but upon further inspection reveals itself as fraudulent or otherwise invalid. Because the term is often used in hindsight when the transaction proves invalid, a...
business sectors
comfort letter
Comfort letters are statements from an issuer’s auditor that the auditor reviewed the issuer’s financial data and assures its accuracy.
In public offerings, underwriters generally request comfort letters to establish a due...
commerce
Commerce refers generally to the activity of exchanging products, goods, and services for financial gain. The word commerce usually is used to mean economic activity broadly on a national or other large scale. Commerce can be used in many...
Commerce Clause
The Commerce Clause refers to Article 1, Section 8, Clause 3 of the U.S. Constitution, which gives Congress the power “to regulate commerce with foreign nations, among states, and with the Indian tribes.”
Congress has often...
Commerce Control List
In the interest of U.S. national security, the Department of Commerce's Bureau of Industry and Security (BIS) is responsible for implementing and enforcing the Export Administration Regulations (EAR), which regulate the export and re-export...
commerce power
Commerce power refers to Congress’s power to regulate the channels and instrumentalities of interstate commerce.
Channels refers to the highways, waterways, and air traffic of the country. Instrumentalities refers to cars, trucks,...commercial exploitation
Commercial exploitation is a term referring to all activities used to benefit commercially from one's property.
Examples include making property, selling it, offering it for sale, or licensing its appropriation or use....commercial law
Commercial law is the broad area of law that covers virtually all business, commerce, and consumer transactions. Historically, the term commercial law tends to emphasize merchant relations with consumers or broader trade, but the term...
commercial speech
Commercial speech refers to any speech which promotes at least some type of commerce. As established in Central Hudson v. Public Svn. Comm’n, commercial speech is less protected under the First Amendment than other forms of speech.
...commercial tort claim
A commercial tort claim is a type of tort claim where the claimant is an organization or an individual and the claim comes in the course of the business or profession of the claimant and does not include damages arising out of personal injury...