Law is a rule of action evolved to regulate social life and to avoid conflict of interests. As a branch of knowledge, law is the body of legal principles that govern human behaviour and the observance of which is enforced in courts. While some knowledge of law is necessary for every member of the society, knowledge of company law is of an absolute necessity for a member of the business community. This does not, however, mean that a businessman should become his ...
Law is a rule of action evolved to regulate social life and to avoid conflict of interests. As a branch of knowledge, law is the body of legal principles that govern human behaviour and the observance of which is enforced in courts. It is, in other words, an instrument of social control. Business law, which is designated alternatively as 'Commercial Law', or 'Mercantile Law', is a branch of Civil Law. It is the name given to the fundamental principles of law that ...