In the united states, the role of the government extends from providing for national. Lecture one introduces you to the basic concepts of business law 1 lecture two discusses the administrative structure of kenyan courts, their role functions jurisdictions and how the courts help in solving business. Introduction this module unit is intended to equip the trainee with the knowledge, skills and attitudes that will enable himher to apply relevant labour and industrial relations law in management of an organisation. Contents introduction nature of law meaning and definition of business law scope and sources of business law fundamental rights directive principle of state policies principles having economic significances an overview of business laws in india. Introduction to taxation government plays an important role in most modern economies. Business law chapter 1 notes morality involves the values that govern a societys attitude toward right and wrong. The central focus is, naturally enough, on the application of law to and within business. Llps are used in professional fields of accounting, law, and architecture while. Introduction to taxation our purposes, the sections on tax structure, types of tax, tax administration, and understating the tax law. Indeed, it is not an exaggeration to say that agency is the cornerstone of enterprise organization. Start off the course by learning about the history and origins of english common law and development of american law after. Understand business and nigerian business environment 6. Sole trader a sole trader is someone who is in business on his own as a selfemployed person.
Business law lecture notes uebs precedent offer and. Apply the concept of effective communication in business 5. Business managers striving for excellence must understand and apply the various laws of business in addition to acquiring knowledge and skills in their respective domains of management. Readings law for the entrepreneur and manager sloan. Free acca lectures for the acca corporate and business law lw english variant exam please go to opentuition to download the acca lw notes, watch all remain. Hi fellow law students, i am sharing lecture notes in ebook format pdf for the subject business law for llb and ba. Although the history is interesting, for 1 unit 01. From online teaching and learning tools to personalised learning, and from online and blended course design to trusted and engaging content, we help you help your students be the best they can possibly be. Lecture notes introduction to business complete studocu.
Chapter 1 law the order or pattern of rules that society establishes to. Apply the principles of law of agency in executing business activities. Understand the elements of accounting, marketing, insurance and their roles in business organisations 4. Introduction to business law unit 1 1 slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.
Scope and importance of contract law the basic purpose of contract law is to ensure that agreements are honored if contract were not honored the commercial world would be dysfunctional, uncertain, unstable. Ch1 an introduction to dynamic business law lecture. Acquire an understanding of the principles of common law system within the students own legal system and how it affects their business life. A set of rules put in place to regulate social and economic behaviour.
The basic purpose of contract law is to ensure that agreements are honored. Acquire a knowledge of the legal environment in which businesses. This guide will take you on a journey through a contract, giving comprehensive explanations and guidance on each part of contract law. To remove the fear of this subject, i have started to.
When setting up a business, one of the most important considerations is what form that business should take. Recognize the role of the law of succession application in business. Business law lecture notes lecture notes, lectures 1 10. Company law lecture notes these are my lecture notes from our lectures on company law. The laws range from corporate laws, companies act, labour legislation, laws of contracts. Introduction, meaning and importance of business environment. Law in a broad sense means rules, regulations, guidelines, principles etc. View notes lecture note on taxation from acc 221 at federal university, dutsinma.
An introduction 2 dear students, if you are reading this introduction, you are either interested in or forced to learn about the legal environment of business practice. Apply the elements of public law while dealing with other citizens. Introduction to law is designed to give students an overview of the law and the legal system. Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Introduction to the different types of business media in the uk this large group session introduces the core subject of blp, how it is taught and assessed and the material to be covered in study units 1 and 2. We shall consider the most important types of business media in the uk sole traders. This book is a compilation of my lecture notes for introduction to law, a course which is one of the main foundations of the llb degree of the faculty of law, university of zimbabwe. There are no formalities for setting up the business. Business law lecture notes lecture notes, lectures 1. While this text has become a standalong learning resource, it is most effective when used in conjunction with classroom discussion and lecture. Business law chapter 1 notes lake shore middle school. A business can be established, but to successfully sustain a business, the business needs resources like finance, for which it has to depend on financial institutions. Ethics attempts to develop the means for determining what those values should be. Criminal law notes, cases, and past papers digestible notes.
Business comprises all profit seeking activities and enterprises that provide goods and services necessary to an economic system. Lecture notes introduction to business law complete studocu. Classroom lecturers can spend time elaborating on legal concepts, introducing current. Business law lecture notes uebs free download as pdf file. Lecture notes introduction to business law complete. Bba 101 business law i kenyatta university institute of. Acceptance of social norms, for which it has to depend on society. Mcgrawhill chapter 1 an introduction to dynamic business law lecture notes class notes. There has been a dramatic increase in the activities of government during the last hundred years. This course will provide students with an overview of legal concepts, procedures, terminology and current issues in law including constitutional law, administrative law, criminal law, contracts, family law, renters and landlords, real estate. Hi, do you have labour law notes for diploma in business. Apply the employment law in resolving employment problems. Perhaps we also need to have a code to provide a framework for our relations with others. Criminal law notes, cases, and materials on criminal law.
T his textbook presents business students with an introduction to the legal system and its operation. Jul 12, 2018 dear students, most of the students feel, business law is a tough subject, but it is quite easy if you understand the concepts properly. Covers many important areas of the common law, including torts, contracts, agency, property, and trusts. Legal heritage and the digital age business law 1fall 2015l1professor. A business can be established, but to successfully sustain a business, the business needs resources like finance, for which it has to depend on financial. I have taught this firstyear course to students in the faculty of law for the last fourteen years. There are various ways in which the law may be classi. Introduction to business law terms what the parties have agreed to do to fulfil the contract. In a partnership each partner is a general agent, while under corporation law. Understand the nature, functions of law and how law applies to the business transactions.
Define the concept and various kinds of business 2. Proper market conditions, for which it has to depend on the market. Introduction to contract law contract law is fascinating as most people will have unknowingly formed a legally binding contract at some point in their life. Introduction to business law lecture notes introduction. General objectives introducing you to the general principles of law and its application. Acquire a knowledge of the legal environment in which businesses operate in the domestic and international market place. Business law notes free study notes for bbambamcom. Introduction to business law termswhat the parties have agreed to do to fulfil the contract.
Find materials for this course in the pages linked along the left. The distinction between public and private law is illustrated in figure 1. Introduction to business law program breakdown history of american law. Contract law revision essential elements to a contract. At all stages of business, running afoul of the law can hurt a business, while playing within the boundaries of the law can help the business to succeed. Introduction to business law lecture notes introduction to. Introduction human race is socialistic in nature early civilizations started in settlements man learnt business to make hisher life comfortable need arose for a uniform code of conduct class notes business law presented by. Commercial law or business law is the body of law which governs business and commerce and is often considered to be a branch of civil law and deals both with issues of private law and public law. Business school college students sometimes uncover business regulation modules troublesome, irrelevant to their future career, and full of alien terminology and concepts. Business law has day to day application in any kind of business. It is our hope that this text makes your learning path easier to navigate.
Read it with the goal of gaining a broad understanding of tax purposes and principles. People who collect potentially dangerous things on their land are liable for any. Intro to business law chapter 1, lecture notes for business systems. Apply the law of contract carrying out business transactions. Clayton law is no tying products one another, forcing people to buy. Lecture notes prof nditi and kanyabuhinya 1 jackline. Business law an introduction the business professor. Courts can imply terms if there is a dispute, they look for past occurrences. Two of the common themes regarding law are of superior authority, and human. Lecture notes, lectures 17 law1101 introduction to law.
Sole trader a sole trader is someone who is in business. Likewise, partnerships and other business organizations rely extensively on agents to conduct their business. Business law notes free study notes for bbambamcombcom. For this reason, accountants, who play a key role in almost every aspect of operations, must have a solid working knowledge of the law. Acca f4, corporate and business law, free lectures, course notes, revision, forums, syllabus, study guide, pass rates,past. These notes are an aid to your studies and should be used alongside the text. Permit the expansion of commercial practices through. Law is essential to any society in that it provides the rules by which people and businesses interact. Business law lecture notes week 2 163 introduction to the law of contract. When setting up a business, one of the most important considerations is. They are based on the relevant chapters in sealy and worthington, arora, courtney, dignam and lowry and slorach and ellis as well as other sources. Ena, an elderly woman, lives in her house with her lodger, joan, aged 47. Nature purpose and kinds of law introduction lesson 1 why you will learn at the end of this unit, the learner should be able.
Definition of a company a company is a corporation an artificial person created by law. At the end of this module unit, the trainee should be able to. Introduction to business law demonstrates the relevance of key areas of the regulation to a world of work that the business scholar can relate to. Classroom lecturers can spend time elaborating on legal concepts, introducing. Foundations of business law this course presents an overview of the structure and operation of the us legal system, a summary of the major categories of tort liability, and a detailed discussion of the process of making enforceable contracts. Ch1 an introduction to dynamic business law lecture notes.
Introduction to the acca corporate and business law lw. Introduction, nature of law, meaning and definition of business laws, scope and sources of business laws. Understand the reasons and benefits of studying business law. Most readings are provided in the coursereader purchased by students in the beginning of the semester, or are in the required textbook the entrepreneurs guide to business law by constance e.
Sep 22, 2015 the law of agency, with university of virginia school of law vice dean george geis duration. Joan is able to manage basic tasks, but ena has helped her with more complicated ones, such as shopping, for many years. Demonstrate competency to make legally sound decisions. Meaning of tax tax is the principal source of revenue to. Demonstrate an understanding on the nature and jurisdiction of courts in kenya. Kisilwa, zaharani, business law instructor at the institute of accountancy arusha 2007 ii. Business law lecture notes week 2 163 introduction to the law of contract scope and importance of contract law. It is written in an attractive and accessible sort and the. The acceptance is the accepting the offer of a contract.
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