The term law has no assigned meaning. It is used in a variety of senses. Although different writers have attempted to explain the term Law, no generally accepted explanation has emerged. The study of the nature of law is known as Jurisprudence. Persons who explained the term law from the same point of view form a school of jurisprudence/thought. The word jurisprudence derives from the Latin term jurisprudentia, which means “the study, knowledge, or science of law.” In the United States jurisprudence commonly means the philosophy of law. Legal philosophy has many aspects, but four of them are the most common. The first and the most prevalent form of jurisprudence seek to analyze, explain, classify, and criticize entire bodies of law. Law school textbooks and legal encyclopaedias represent this type of scholarship. The second type of jurisprudence compares and contrasts law with other fields of knowledge such as literature, economics, religion and the social sciences. The third type of jurisprudence seeks to reveal the historical, moral, and cultural basis of a particular legal concept. The fourth body of jurisprudence focuses on finding the answer to such abstract questions as “What is law?” and “How do judges (properly) decide cases?

The purpose of this business law revision Q and A is to help the student in preparing for the business law law exam

Woodrow Wilson has defined law as “that portion of the established habit and thought of mankind which has gained distinct and formal recognition in the shape of uniform rules backed by the authority and power of the government.”

Covers Introduction to the nature purpose and kinds of law The law of torts. The laws of person's. Contract of employment. The law of Contract. Law of agency. Sales of goods act. Hire purchase. Negotiateable instruments.

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The primary aim of this course is to familiarize the student with the subject matter which is dealt with herein and which the student is expected to know much about at the end of reading through.

This document provides an overview of Business Law 101 at a university. It discusses four lectures that will be covered: 1) the basic concepts of business law including the definition, nature, and functions of law, as well as why society needs law and how it applies to business; 2) the administrative structure of Kenyan courts and how they help solve business problems; 3) the law of contracts including elements, capacity, remedies, and discharge; and 4) the law of torts including general tort law, defenses, capacity, vicarious liability, and actions relating to trespass to person, land, and goods. The lectures include questions to help with student revision. An appendix also provides guidance on answering law questions.

Business law is made up of the laws that set out the rights, duties and obligations of people in business. Business law balances the interests of those in business and people like producers and consumers, buyers and sellers, lenders and borrowers. It regulates business transactions under the law of contract, which explains when an agreement will be legally enforceable as a contract and is updated by competition and consumer law. It regulates those engaged in business (companies, partnerships, etc), their names, their funding (finance, credit), their banking and their insurance. Many aspects of criminal law (especially property offences) and tort (especially the law of negligence) impact on business.