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CORPORATE AND BUSINESS LAWS NOTES
| Institution | UNIVERSITY |
| Course | CORPORATE AND BUSINE... |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | Mwalimu Evans Okoyo. |
| File Type | |
| Pages | 355 Pages |
| File Size | 9.56 MB |
| Views | 4787 |
| Downloads | 0 |
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Description
‘Law’ means any rule of conduct, standard or pattern, to which actions are required to conform;
if not conformed, sanctions are imposed. When we speak of the law of a State, we use the term
‘law’ in a special and strict sense. In this sense, the term ‘law’ is defined in Oxford English
Dictionary as “the body of rules whether proceeding from formal enactment or from custom,
which a particular State or community recognises as binding on its subjects or members”. These
are rules which are recognised and acted on by courts of justice. Law may also be defined as rule
of conduct of persons (both natural and artificial), imposed upon and enforced among the
members of a given State.
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