Business Regulation 3rd Sem - Description
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Business law is a broad term and adopts all legal principles related to business transactions. This is also known as ‘trade law’, ‘law merchant’, or ‘trade law’. Business Terms by University of Calicut pdf Trade law contains the legal provisions governing and regulating business activities, transactions, and trade. It also includes legislation relating to the regulation of trade unions and other random matters.
The law of contracts deals with contracts, which are enforced by the courts. Contract law is the most important branch of trade law. It affects every person in one way or another because we all make some kind of agreement every day. The purpose of the Contracts Act is to introduce specificity in trade and other transactions and to materialize the reasonable expectations of the parties entering into the contract.
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