Wednesday, February 3, 2010

Business Law - 2nd Feb 2010

What is law?
Law is a set of general rules is shared and recognised by a certain community or society in a certain bounded geographical area.

There are some laws commonly practised almost in every nation. On the other hands, there are also some laws that are only applied for a nation, because the law applied is only suitable for a nation. For instance, Singaporean law may not be executed in Malaysia, because Malaysia has its own cuture and different perspective to look over some events, for example, prohibition of chewing gum in Singapore, yet, you can eat chewing gum in Malaysia.

In a conclusion,every country may practise different belief and custom. So, each country set the rules that are only applied in its country area.




Why do we need these rules to regulate our behaviour?

We always say that every game has its own rules to follow. Same goes to every country, law is an instrument needed in order to limit our behaviour and protect ourselves from in term of physical, reputation, right and etc.

Classification of law

Law has been classified into 2 types. One of them is Public law, the other one is Civil Law.

The differences between these two types of law are Public law concern about matters between government and individual. If a person violate the law which can make some others into damgages. he or she is charged a sentence in the the court of public law, the possible final outcome would only be punishment or free, e.g. fine, imprisonment, public service and etc.

Civil law or private law more concerns about matters which are related to the right and the duties of individuals amongst themselves. If a person make someone into losses. This person can be charged in the civil court, the final outcomes would be compensation to the victim.



More on edited... See you few days later!

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