BUSINESS ADMINISTRATION
BUSINESS LAW
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Detailed explanation-1: -Austin’s View – International law is not a true law So based on what he said, it can be concluded that any rule which is not enacted by any superior or legislative authority, cannot be regarded as a law and moreover, if laws are violated, sanctions must be imposed.
Detailed explanation-2: -business law, also called commercial law or mercantile law, the body of rules, whether by convention, agreement, or national or international legislation, governing the dealings between persons in commercial matters.
Detailed explanation-3: -Business law meaning includes contract laws, manufacturing and sales laws, and also hiring practices and ethics. In simple words, it refers to and pertains to the legal laws of business and commerce in the public as well as the private sector.