Summary

Summary Introduction to Business Law

0 purchase

Course
Introduction to Business Law

Institution
OCR

Business law is a branch of law that deals with the legal aspects of running a business. It encompasses all of the laws and regulations that govern commercial activities, including contracts, intellectual property, employment law, taxation, and international trade.

[Show more]

Preview 1 out of 1 pages

View example

Uploaded on May 3, 2023
Number of pages 1
Written in 2022/2023
Type Summary

common law

Study Level
BTEC
Examinator
OCR
Subject
Introduction to Business Law
Unit
Introduction to Business Law

$5.17

Add to cart

Add to wishlist

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

INTRODUCTION TO BUSINESS LAW

3G School of Entrepreneurship

Business law covers various areas such as contracts, sales, commercial paper, agency, and employment
law which aim to protect fair business practices and process rights for aggrieved workers. Business
transactions like contracts, mergers and acquisitions, and leasing are overseen by business law, which
includes laws related to the sale of goods, partnership organization, and economic laws concerning
trade, industry, and commerce. Laws are categorized into constitutions, statutes, common law,
administrative regulations and decisions, treaties, and executive orders.

Estonia follows the principle of bandits, which divides all provisions of the civil law into five. There are
different ways of categorizing law that often confuses non-lawyers and new students of law. Common
law and civil law are distinctions made to identify two separate legal systems and approaches to law.
The term “common law” refers to all legal systems that have adopted the historic English legal system.

The common law system emerged from a struggle for political power before the Norman conquest of
England in 866. Prior to this, there was no national legal system. The common law system represented
the imposition of a unitary system under the control of a centralized power, the sovereign king.

Plaintiffs who could not gain access to the three common law courts could appeal to the sovereign, who
would pass their pleas to the lord chancellor for consideration and decision. Today, courts still play an
important role in creating and operating laws generally, as well as determining the operation of
legislation.

Equity is a legal concept that is based on fairness and the principles of justice. It was developed by
judges whose decisions became binding for all courts below the level of the court that issued the
judgment. This type of law is commonly known as “judge made law” or “case law.”

Customs and usages of a particular trade also guide the courts in deciding disputes arising from
mercantile transactions.

Estonia’s legal system follows the principle of pandits, with civil law provisions divided into five parts:
family law, property law, property, and property law.

In addition, administrative law regulates the activities of public authorities, including their formation,
relationships with citizens, and liability for violating administrative law.

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller pranavkumbhar. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.17. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling