Origin and Sources of Law in Business

BUSINESS LAW

Table of Contents
 INTRODUCTION
 Task 1
 P1. Different origin and sources of law and laws that organization
must comply with.
 P2. Role of government in law making.
 M1. Effectiveness of legal system.
 CONCLUSION
 REFERENCES
 Books and Journals


INTRODUCTION
Business law is the body of law which governs business and
commerce and is often considered to be branch of civil law and
deals both with issues of private law and public law. This law
regulates corporate contracts, hiring practices and the
manufacture and sales consumer goods. Business law establish
the rules that all businesses should follow. It includes state and
federal law. This presentation will be covers about origin and
sources of law, types of laws that organization must comply. It
will also include role of government in law making, statutory and
common law applied on justice courts.

P1. Different origin and sources of law and
laws that organization must comply with.
Every country's legal system has its own sources of law, with
greater weight placed on some sources than others. Following
are different sources of law :-
 Constitution :- it is a first source of law. country's
constitution is a set of fundamental ground rules setting out
the power of the different branches of government. The
constitution set to basic principles such as fundamental and
rights. Constitution of country's contain many laws and
fundamental rules. It also created the structure of federal
government.