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trade regulation

alcohol

Alcohol is a set of chemical compounds consumed as a liquid by individuals for its intoxicating effect or used in industrial projects for its other unique properties. 

Absent any specific regulation, alcohol is treated like all other forms of personal property. However, the general rights of property are subject to the police power regulations of the state, local, and federal governments. 

articles of organization

The articles of organization is a public and official document used to create a limited liability company (LLC). The LLC members must file the articles of organization before the relevant state authority (usually the Secretary of State) for approval. Upon approval of the articles of organization, the LLC will become an official separate legal and business entity.

basis of the bargain test

Basis of the bargain test is used by the courts to ask if any promise or affirmation, any description of the goods, or any sample or model of the goods displayed by a seller “became a basis of the bargain” between a buyer and a seller to create an exp

bill of lading

A bill of lading is a legal instrument used in the transportation and shipping industries which lists the goods being shipped and the terms under which they will be delivered. If the goods as delivered do not match the terms of the bill of lading, the transportation company can be liable for damages

boycott

A boycott is a refusal to deal with a particular person, business, or country, usually carried out collectively to achieve economic or political goals. In antitrust law, the term refers to a concerted refusal to deal with a purchaser or seller, which can raise legal issues if it restrains trade.

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