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Introduction to Business Law
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Business law (also referred to as Commercial Law) is the general field of law relating to business organisations, business structure and business transactions. •It encompasses the law governing contracts, sales, business o

• Law is a system of rules and guidelines which are enforced through social institutions to govern behaviour. Laws are made by governments, specifically by their legislatures.
•Furthermore, the concept of law means those principles that keep people from acting like they are living in the jungle or in a place with no rules.

rganisations, insolvency, negotiable instruments, law of agency, etc.

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