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The objective of this article is to carry out an analysis of the inaccuracy in the commercial code denomination in Panama. Specifically, analyze the inaccuracy in naming our commercial code and its replacement with the commercial code of the Republic of Panama. For this article I have used the exegetical method, that is, a literal interpretation of articles 1, 2 and 3 of the Panamanian commercial code and the documentary method through the selection of data obtained from the authorized doctrine in commercial law in order to determine that the word commerce used in the Panamanian Commercial Code is an imprecision and that the Panamanian legal system should be called commercial law. The results of this work show that our commercial legal system regulates not only commerce itself but also legal acts that the law qualifies as commercial in its objective sense, acts carried out by merchants in its subjective aspect, commercial traffic in general and The internal and external business acts executed by the company show that it is not feasible to restrict the legal system to the name of commerce since it not only involves the commerce and the merchant but also all business activity in general. The conclusion of this work is to change the name commercial code to commercial code and change the name commercial acts to company acts to thus cover the scope of application of commercial law in Panama.