20:55
MIAMI A
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
intrastate commerce
Read a random definition: incentive theory
A quick definition of intrastate commerce:
Intrastate commerce refers to the buying and selling of goods and services that happens only within the borders of one state. This means that the products or services do not cross state lines during the transaction. It is different from interstate commerce, which involves trade between different states, and international commerce, which involves trade between different countries.
A more thorough explanation:
Definition: Intrastate commerce refers to the exchange of goods and services that takes place entirely within the borders of a single state.
Examples: A farmer in Texas sells his crops to a grocery store chain that operates only within the state. A local restaurant buys its ingredients from a supplier located in the same state. These are both examples of intrastate commerce.
Explanation: Intrastate commerce involves transactions that do not cross state lines. This type of commerce is subject to state regulations and laws, rather than federal laws. The examples illustrate how businesses can engage in commerce within their own state, without involving other states or countries.