Introduction to Business Law

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Introduction to Business Law

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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.

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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.

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Branches of Law

• Constitutional law
• Administrative law
• Criminal Law
• Civil Law
• Commercial Law

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