Commercial Commodity Law and Legal Definition
Commercial commodity is any commodity that may be transported and may be bought and sold in the markets. A natural or manufactured product is not an article of commerce; but, when it assumes such a form as fits it for transportation from state to state, it is, so far as the law of interstate commerce is concerned, transformed into a commercial commodity. [State ex rel. Corwin v. Indiana & O. Oil, Gas & Mining Co., 120 Ind. 575 (Ind. 1889)].
Legal Definition list
Related Legal Terms
- A Commercial Trade
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Agricultural Commodity
- Agricultural Commodity Cooperator
- Agricultural Commodity Producer
- Automated Commercial Systems
- Bulk Agricultural Commodity
- Carry-over of Nonbasic Agricultural Commodity
- CMRS [Commercial Mobile Radio Services]
- Commercial
