Business Law is a law specialisation which is also referred to as Mercantile Law. Business Law deals with the laws on the basis of which every deal between people and commercial firms are governed. . Regulation of commercial entities that is done through laws of company, partnership, bankruptcy and agency.
The eligibility criteria for Corporate Law course offered at the PG level is such that candidates should have completed a five year integrated law course or possess.
Business laws establish the rules that all businesses should follow. A savvy businessperson will be .
Business Law governs the world of commerce. We call all these rules as Business Law or Commercial law. The Business Law governs all dealings of.
Home ›; LLB ›; Business Law Studies. An LLB, or Bachelor of Laws, is an undergraduate degree program that takes three to five years to complete. It normally.
In the eyes of the law, each business is their own legal entity. . With business law, a lawyer can have a full and complete practice without ever setting foot in the.
Two fundamental legal concepts underlie the whole of company law: the concept of legal personality and the theory of limited liability. Nearly all statutory rules.
Sep 2, There are more and more occasions where immigration law becomes an issue in modern businesses. Temporary employees, full-time.
ATop Colleges for Master of Laws [L.L.M.] (Business Law) . in colleges or universities after completing the master's degree in Business Law.
From Business Law
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Business law encompasses all of the laws that dictate how to form and run a business. This includes all of the laws that govern how to start, buy, manage and close or sell any type of business. Business laws establish the rules that all businesses should follow.
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Indemnity and guarantee are special contracts used widely in business.
Contract of indemnity: One party (indemnifier) promises to save the other (indemnity-holder) from loss. Example: A promises to indemnify B against loss from a lawsuit.
Contract of guarantee: Surety promises the creditor that he will discharge the liability of the principal debtor if the debtor defaults. Example: Bank loan guarantee by a guarantor.
Thus, indemnity focuses on compensation for loss, whereas guarantee ensures performance of a third person’s obligation.