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Business Law may be defined as that branch of law which prescribes a set of governance of certain transactions and relations between:
- Business persons themselves,
- Business persons and their customers, dealers, suppliers, etc., and
- Business persons and the state.
The nature of the business law is that it acts in respect to the location of the business and the area of activity. The business law usually depends on the governing authority.
Wiki User
∙ 6y ago
Wiki User
∙ 13y agoLocal law typically regulates business hours, where one can do business (zoning), and health and safety.
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