Semester Reflection: Mastering Key Concepts in Business Law

This essay provides a reflection on the key aspects of business law learned throughout the semester. It emphasizes the understanding of commercial law in formulating sales and purchasing contracts, the importance of contract law in agreements between multiple parties, and the duties, rights, and liabilities of all parties involved in commercial activities. The reflection also covers consumer protection law, finance law, and banking law as integral components of business law. The essay highlights the importance of clear legal principles in commercial contracts to ensure understanding and avoid confusion, emphasizing the accuracy and clarity required in governing business transactions.

Running head: BUSINESS LAW REFLECTION 1
Business law reflection
Student’s name
Institution affiliation

BUSINESS LAW REFLECTION 2
Business law reflection
All through the semester, I have been able to learn and master the various aspects of
business law that are imperative for any member of the legal professional willing to engage in
this particular specialty. The first aspect is the understanding that commercial law tackles all the
elements that are necessary when it comes to the formulation and enactment of the selling and
purchasing contracts or agreements. Furthermore, I learnt the fact that business law incorporates
the study of the law of contract which is imperative in agreements that involve more than one
parties selling and buying items in exchange for purchase price or consideration (Beatty et al.
2018).
In addition to this, I also learnt the fact that business law explicitly explains the duties,
rights, liabilities and legal obligations of all the parties that are involved in agreements of
purchase, sales or any other type of contract that is entered into in relation to any type of
commercial activity or business.
It is also important that I learnt the fact that commercial law is also inclusive of consumer
protection law and commercial law as well. Business law is thus applicable to anyone who either
contemplates to commence their business of their own.
It was also interesting for me to learn that business law also incorporates finance law,
banking law among other crucial civil laws (Beatty et al. 2018). To end with, it was clearly
established in the semester that commercial or business law is anchored on uncompromised legal
principles that are clearly stated for all the parties involved in commercial contracts to be able to
understand them to avoid any confusion. Commercial law is thus characterized with a lot of
accuracy and clarity since it is meant to govern business transactions that are important to the
survival of human beings.

BUSINESS LAW REFLECTION 3
References
Beatty, J. F., Samuelson, S. S., & Abril, P. S. (2018). Essentials of Business Law. Cengage
Learning.
Beatty, J. F., Samuelson, S. S., & Abril, P. S. (2018). Business law and the legal environment.
Cengage Learning.