Commers

Commers

  • Submitted By: benny
  • Date Submitted: 03/04/2009 1:12 AM
  • Category: Business
  • Words: 962
  • Page: 4
  • Views: 412

Branches of the law
Civil law
Civil law is a most prevalent legal system in the modern world and the oldest in human history. The three other major legal systems in the world are common law, socialist law, and Islamic law. A prominent example of civil law would be the Code Napoleon, named after French emperor Napoleon Bonaparte. The Code comprises three components: Of Persons, Of Things and the Different Modifications of Ownership, and Of the Different Modes of Acquiring the Ownership of Things.
Company law
Company is the law of the most dominant kind of business enterprise in the modern world. Corporate law is the study of how shareholders, directors, employees, creditors, and other stakeholders such as consumers, the community and the environment interact with one another under the internal rules of the firm. Corporate law is a part of a broader companies law. Corporate law is about big business, which has separate legal personality, with limited liability for its shareholders, who buy and sell their stocks depending on the performance of the board of directors.
Constitutional law
Constitutional laws may often be considered second order rulemaking or rules about making rules to exercise power. It governs the relationships between the judiciary, the legislature and the executive with the bodies under its authority. One of the key tasks of constitutions within this context is to indicate hierarchies and relationships of power. For example, in a unitary state, the constitution will vest ultimate authority in one central administration and legislature, and judiciary, though there is often a delegation of power or authority to local or municipal authorities. When a constitution establishes a federal state, it will identify the several levels of government coexisting with exclusive or shared areas of jurisdiction over lawmaking, application and enforcement.

Consumer law
Consumer protection is a form of government regulation which protects the interests of...