Business Laws

What is Law
A Set of rule which must be obeyA Vocation Something created by him Guiding principles to be applied in making decisions A Citizen A Lawyer A Legislator

A Judge

What is Law
The law is a set of legal rules that governs the
way members of a society act towards one another. Laws are required in society to regulate the behaviour of the individual, to correspond with what is acceptable to the majority of individuals.

Need of Law
Without law, life and business would become a matter of survival. Laws are required in society to regulate the behaviour of the individual, to correspond with what is acceptable to the majority of individuals.

BRANCHES OF LAW:
CONSTITUTIONAL LAW

ADMINISTRATIVE LAW
CRIMINAL LAW CIVIL LAW COMMERCIAL LAW

CONSTITUTIONAL LAW:
CONSTITUTIONAL LAW is the law which regulates the structure of the principal organs of the government and their relationships to one another and determines their principal functions. The rules consist both of legal rules and of usages, commonly called conventions, which without being enacted are accepted as binding by all concerned with the government.

ADMINISTRATIVE LAW
ADMINISTRATIVE LAW is the body of law that governs the activities of administrative agencies of government. Government agency action can include rulemaking, adjudication, or the enforcement of a specific regulatory agenda. Administrative law is considered a branch of public law. As a body of law, administrative law deals with the decision-making of administrative units of government (for example, tribunals, boards or commissions) that are part of a national regulatory scheme in such areas as police law, international trade, manufacturing, the environment, taxation, broadcasting, immigration and transport It involves rules, regulations, applications, licenses, permits, available information, hearings, appeals and decision-making.

CRIMINAL LAWS

CRIMINAL LAWS are the laws which wrong doers are punished. At the same time, civil laws are those laws with which the private rights of an individual are enforced.

MERCANTILE LAWS
MERCANTILE LAWS -It deals with the rights and obligations of Commercial persons emerging from commercial transactions in respect of commercial property.

SCOPE OF BUSINESS LAW

The scope of the business law has enormously widened due to the increasing complexities of the modern business world. It usually covers topics of contracts, bailment, Agency, sale of goods, partnerships, companies, negotiable instruments, insurance, pollution control etc. These and other topics are covered by legislations enacted by Central and State Governments.

Business
Group Of People Productivity Goal Revenue Profit and Loss Trade, Occupation of Work which keeps us engage. Any commercial enterprise, profession, trade operated for the purpose of earning profit by providing product, service.

Legal Aspects of Business (Syllabus)

1. 2. 3. 4. 5. 6. 7. Companys Act 1956.Sale of Goods Act,1930Consumer protection Act, 1986Negotiable Instrument Act,1881Contract Act Information Technology Act Copy right, Patent ,Trade Mark Introduction

Assessment
Class Participation( 5 Marks) Group Case Presentation(5 Marks)

Assignment/ Surprise Test(10 Marks)

Internal Tests(30 Marks/10 Marks)