Documenti di Didattica
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BUSINESS ENVIRONMENT
Social
Technology
Business
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LEGAL ENVIRONMENT
Decision making
Prevents concentration of economic power
Settlement of disputes
Tool for implementation of government policies.
Sources of Law
Statutes
Customs
Judicial Precedents
1. Statutes: Law enacted by the parliament. 2. Judicial Precedents: Judgment given in the similar cases 3. Customs: Certain practices that are prevalent in the society. Every custom does not becomes a law It must be observed over a long period of time Must not be opposed to public policy and morality
CLASSIFICATION OF LAW
Public Law and Private Law
Criminal Law and Civil Law
Private Law: That branch of which determines the relation of citizens with one another.
Civil Law: Is the Law that protects the rights and duties of citizens towards each other.
It is a part of private law. Wrongs are only against injured party. The aggrieved person initiates action against the offender. Object of Civil law is to restore the injured party to his initial position. Damages are awarded. A single act may, in some cases, be civil or criminal offence both.
SUBSTANTIVE LAW AND PROCEDURAL LAW Substantive Law: Defines rights, obligations and relationships of parties. It also provides for punishment for the crime.
Procedural Law: It lays down the methods for administering substantive law. It provides for machinery for enforcing those rights and duties.
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