Importance of Commercial Law in Business and Society

Commercial Law

Table of Contents
INTRODUCTION ..........................................................................................................................2
MAIN BODY...................................................................................................................................2
CONCLUSION ...............................................................................................................................3
REFERNCES ..................................................................................................................................4
INTRODUCTION
Commercial law which are also addressed by the name of Business laws are the branch of law
which regulates and govern all the commercial activities of the business(Parker & Ward,
(2020)). The applicability of such laws stands very much crucial with respect to the effective as
well as smooth functioning of the organisation. The following report is going to elaborate the
fact that what importance does the understanding of commercial laws plays in the life of an
individual of society or as a future professional as well.