CJS E211 Lecture Notes - Lecture 5: Private Law, Substantive Law, Procedural Law
Document Summary
Business law, also called commercial law or mercantile law, it is a body of rules applied in governing the dealings between persons in commercial matters. Law may be defined in the words a rule of human conduct, imposed upon and enforced among the members of given state . Morality refers to whatever (if anything) is actually right or wrong. These are principles concerning the distinction between right and wrong or good and bad behavior. The rules of law may be enforced by an action of courts. Laws are certain and they are universally applicable to all citizens of the state. A legal wrong may be morally right. It does not attract the sanction of court for its enforcement e. g. no one can be sued for. Morality is uncertain, different communities have different canons of morality in a failing to respect the elders. society. eg indians don"t eat cows.
