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Business law includes leases, contracts, secured transactions, incorporation, securities law, commercial litigation, insurance law, and so forth.
Some types of this law is statutory. In other words, legislative bodies create this law. Other types have their origin in the common law, such as contracts.
Business law serves several purposes. One reason is to facilitate the smooth operations of business. Businesses need to be able to have confidence in their dealings with other individuals. Also, it allows businesses to recover for losses and damages that they incur from other people and businesses.
By Matin Khan
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∙ 11y ago
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∙ 13y agostatutes
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