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Introduction to Business Law

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Introduction to Business Law

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  1. Introduction to Business Law By Assignments4u.com

  2. What is Law? • Law is a system of rules that govern a society with the intention of maintaining social order, upholding justice and preventing harm to individuals and property • Law systems are often based on ethical or religious principles and are enforced by the police and criminal justice systems such as the courts • In the UK, two major categories of law apply, criminal and civil law.

  3. Impotance of Law • Without law, life and business would become a matter of survival, not only for the fittest but also of the most ruthless. • Laws are required in society to regulate the behaviour of the individual. • Law is the potential tool of social change. Infact law and society are complementary.No society can exist without law. It is essential for up keeping of peace in the society.

  4. Branches of Law • Constitutional law • Administrative law • Criminal Law • Civil Law • Commercial Law

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