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Viewers also liked Introduction to business management. Introduction to business environment ppt bec doms. Business law notes of module 1 sem 2. Essential elements of a valid contract. Similar to Introduction to business law Indian Legal System An Introduction. Lecture 18 indian legal system - an introduction. Ehsan Kabir Solicitor Common Law vs.
Positive Law. More from Pratisha Swain 8. Recently uploaded Role of Advertising in Indian Economy. Commonly по этой ссылке instrument in Experimental Pharmacology. Introduction to business law 1. Presented By: Pratisha 2. Meaning Of Law: Law is a system of rules that are created and enforced through social or governmental institutions introduction to business law ppt regulate behaviour.
Meaning and Definition Of Business Law Business law is that portion of the legal system which guarantees an orderly conduct of business affairs and the settlement of legitimate disputes in a just manner. It establishes a set of rules and prescribes conduct to order to avoid misunderstandings and injury in our business relationships. Sources of Indian Law. A "General Custom" introduction to business law ppt a source of law is not normally written, but if a practice can be shown to have existed for a very long time, such as "since time immemorial' ADit becomes a source of law.
A "Particular Custom" or "private custom" may arise and become a right with the force of law when a перейти на источник, or a group of persons has from long usage obtained a recognised usage, such as an easement.
This law is created by legislation such as Parliament. In India, the Constitution empowers the Parliament and state legislatures to promulgate law for the guidance or conduct of persons to introduction to business law ppt the statute is, expressly or by implication, made applicable. It is called Statute Law because it is the writ of the state and is in written form jus scriptum. In such cases the courts are required to apply the personal law of the parties. Thus in certain matters, we follow the personal laws of Hindus, Mohammedan and Christians.
Fairness and impartiality towards all concerned, based on the principles of even- handed dealing. Introduction to business law ppt advantage, consideration, or latitude to one party 3. Essential for: a Economy b Effectiveness c Efficiency d Extent and costs of funds, goods and services fairly divided among the recipients. English Law Mercantile Law When the courts do not здесь a provision on a particular problem in the primary sources of Indian Law that it my look to subsidiary sources such as the English Law.
A legal code that governs the operations of both banks and varied businesses. Agreements, contracts, copyrights, franchising, insurance, licensing, patents, shipping and transport, trademarks, and the like are all cover by mercantile law.
The Common Law emphasizes precedents. Its evolution like that of equity can be traced to unsuitability of Common Law so far as the commercial transactions were concerned. It can pass any law it pleases and can override its own previous Acts introduction to business law ppt decisions of the introduction to business law ppt. These rights, defined in Part III of the Constitution, apply irrespective of race, place ссылка на страницу birth, religion, caste, creed, or gender.
Right to equality is provided from Article 14 to Article 18 of Indian constitution. Right to freedom is provided from Article 19 to 22 of constitution. It is provided under Articles introduction to business law ppt and 24 of Indian constitution. Article 25 to 28 enumerates the right to freedom of religion.
Article 29 and Article 30 of Indian constitution provides /1015.txt cultural and educational rights. It is provided under Article 32 to 35 of Indian constitution.
Directive Principle Of State Policies Part IV, Articles of the Indian constitution constitutes introduction to business law ppt Directive Principles of State Policy which contain the broad directives or guidelines to be followed by the State while establishing policies and laws. The legislative and executive powers of the state are to be exercised under the purview of the Directive Principles of the Indian Constitution.
Categories The Directive Principles are divided into the following three categories: 1 Socialistic Directives: This part contains the directives for securing the welfare of the people of India, equal distribution of the material resources of the country protection of the fundamental rights of the children and youth, equal pay for equal work, education etc.
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