BUSINESS LAW NOTES

Institution MERU UNIVERSITY
Course BCOM
Year 3rd Year
Semester Unknown
Posted By Codred Agencies
File Type doc
Pages
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Description

The terms 'business', 'commercial' and 'mercantile' are synonymous. Commercial Law is a branch of General Law. It relates to industry, trade and commerce. It includes law relating to contracts, sale of goods, partnerships, negotiable instruments, companies, co-operative societies etc. Before we analyze all these concepts, it is important for us to try and understand law in general. We need to know what law is and why it is important for one to study it.
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BFB 3201: BUSINESS LAW NOTES Trending!
The purpose of the course is to examine the candidates’ ability to understand the legal principles relevant to businessmen and knowledge of the basic principles of law. Law creates rules that govern the relationship between the state and private citizens and also citizens themselves. Law is important because it creates certain rights which are fundamental to the maintenance of order in society. Therefore, the essence of this course is to enable the business student acquire some understanding of laws governing business operators, managers, and their customers in business environment.
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