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Business Laws Related to HR

Business Laws Related to HR

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Published by tanyagodwin

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Published by: tanyagodwin on Jan 02, 2010
Copyright:Attribution Non-commercial

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09/05/2012

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Prepared by, T. Siva Kumar
Compiled from:
Elements of Mercantile Law by N.D.Kapoor (2007),
http://labour.nic.in/act/welcome.html
Various postings in www.citehr.com
 
Law
What is law?
Law includes all the rules & principles which regulate our relationswith other individuals & with the state.
Object of law?
 To establish socio-economic justice and remove the existingimbalance in the socio-economic structure.
Need for the knowledge of law?
Ignorance of law is no excuse.
 
Mercantile/Business/Commercial Law
What is it mean?
It deals with contractual situations and the right &obligations arising out of mercantile transactionsbetween mercantile persons.
Sources of Business Law?
English Mercantile law
Statute Law
 Judicial decisions or the system of precedents
Customs & usages

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