BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Contract Law and Tort
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Criminal Law and Civil Law
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Company Law and Insolvency Law
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Criminal Law and Sentencing
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Civil Law and Contract Law
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Detailed explanation-1: -Law may be classified in various different ways but the most important classification of law is as follows: – Municipal Law and International Law, Public Law and Private Law, Criminal Law and Civil Law, Substantive Law and Procedural Law.
Detailed explanation-2: -The common law is the law declared by judges, derived from custom and precedent. It originated with the legal reforms of King Henry II in the 12th century and was called “common” because it applied equally across the whole country.
Detailed explanation-3: -In the civil law system, the courts’ main task is to decide specific cases by applying and interpreting legal norms. In the common law system, the courts are supposed not only to decide disputes between specific parties but also to provide guidance on how similar disputes should be resolved in the future.