Commercial Law and Commercial Practice

Added on -2021-02-21

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Commercial Practice and Law
Table of ContentsINTRODUCTION ...............................................................................................................................3MAIN BODY ......................................................................................................................................3Question 1...................................................................................................................................3Question 2...................................................................................................................................5Question 3...................................................................................................................................6CONCLUSION....................................................................................................................................7REFERENCES.....................................................................................................................................8
INTRODUCTION Commercial Law is related with rules, provisions and norms having main aim to regulate trade,commercial and its related activities which are being undertaken by business firm for making profit.It governs business function, working, operations thereby defining the manner in which businesscan be formed and managed.The present report will define concept of Civil as well as CriminalLaw along with its distinguishing features. Further, explanation related to terms such as tort, duty ofcare will be described. At last, it will streamline about importance of Memorandum and Article ofAssociation with brief explanation of share capital and certificate meaning & will defineinformation as provided by them.MAIN BODY Question 1.Criminal Law is a regulatory body which governs all the offences, breach, violation such asmurder, theft, sexual assault, fraud etc. done willingly thus resulting in having negative impact onthe whole society and not on single individual person. On breaching of criminal law provisions byany person, criminal prosecution will be started by the state. Civil Law is related with rights associated with civil wrongs, quasi contracts. It is a body ofrules which describes individual private rights, remedies essential for governing disputes andconflicts arises in between individuals related to property, agreements, contracts, family etc.Difference between Criminal and Civil LawCRIMINAL LAWCIVIL LAWAim is to maintain and provide stabilityamong the society and state as well.Filed by the government.Decision under this law is categorised asGuilty or Not guilty (Smits, 2017).Objective is to deal with conflicts,disputes arises in between individualsand business firms.Case can be filed by any private parties.It usually comes up with compensationassociated with agreement or judgementin terms of finance.In civil law, decision is in form of Liableor not liable.Commercial Law - A term which covers rules, regulations, provisions as designed inrespect of commercial and trade business activities undertaken by business firms which has to becomplied by every business organisation for carrying on commercial, business and trade operations.It is related with function of regulating all the contracts, agreements and bonds which are made by

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