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Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
Edition 18ISBN: 978-1133587613Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
Edition 18ISBN: 978-1133587613 Exercise 2
What is business law?
Explanation
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Business law is also known as mercantile law or the commercial law. It refers to the body of rules and regulations, whether by agreement, international or national legislation or convention, they apply to people involved in commercial matters. Business law is applicable to corporations, partnerships etc.
There are two distinct areas in which business law falls:
• Regulations of all the entities that are commercialized by company laws, agency, bankruptcy and partnership.
• Regulations of all the transactions that are commercialized by contractual laws.
There are two distinct areas in which business law falls:
• Regulations of all the entities that are commercialized by company laws, agency, bankruptcy and partnership.
• Regulations of all the transactions that are commercialized by contractual laws.
Cengage Advantage Books: Law for Business 18th Edition by John Ashcroft ,Janet Ashcroft
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