BUSINESS LAW

1 s t Session

Whether you are a business student, studying among other business law, you
recognize that you are entering a demanding study that will challenge you in many
ways – personally and professionally.

- If you are studying now business law you may go well beyond merely
domestic legal matters. (Note: Legal matters are matters that are describer
for domestic are)

- If you are studying business law, your future will take on a dimension even
more easily.

- By studying this object, you are making yourself more capable of dealing with
challenge.

- You will better understand the business options and transaction, open to you

The above is our and your departure in offering this essay to you, the student and
we welcome you to the principles and practices of business law.

A. Business law

1. Basic Outlines

a. Practice a basic outline from the business law and in fact all the
promises are made as standard contract.

b. The basic for business law in fact a format the so-called Civil Law.
(Note: Contract is an agreement by 2 or more party, both party must
sign in the contract, and must see by 2 or more witnesses. People who
sign in the contract must have minimum age of 22. Contract should
make by the language that well known by both side. Civil law arranges
everything about businesses. Criminal law arranges everything against
the law.)

2. How to approach the system:

a. The Pancasila as a philosophic principle.

b. The 1945 Constitution as a political principle.

c. The MPR as an operational principal.

This principle of all these of all those items are functioning as a supporter of the
building of law, creating harmonization equilibrium and the problem of overlapping.
It is also creating the sureness of the law in its overall discipline in the law.

In the legal aspect are the following principles:

- The freedom of making promises (autonomic parties) (Note: you can make
promise as long as it is not against the law)

- The principles of consensualism (of someone’s unanimity) (Note: don’t said

we are better than the others, because everyone is same)

- The principles of customs (Note: don’t disturb others that fasting)

- The principles of faith (Note: don’t make your own law)

- The principles of binding strength (Note: when you are together, don’t fight
each other)

- The principles of equivalence in law (Note: all people are same in law)

- The principles of equilibrium /proportion (Note: you ask a businessman to

cook for you)

- The principles of public interest (Note: people have same idea for citizenship)

- The principles of morality (Note: don’t do anything against the law, related to
human mind)

- The principles of obedience(Note: if your parents ask you not to smoke, then
don’t smoke)

- The principles of protection for the powerless

- The principles of openhearted system (Note: should be honest)

The definitions for relationship:

This is a relationship that occurs among two or more persons, dealing with
wealth where one party is entitle to obtain an accomplishment, while the other
party has to render something.

Example: the buyer and the rice seller.

1. Observing the above formula, we observe that the principles/ elements for
the commitments are as follows:

a. Legal Relationship (1)

b. Wealth (4)

c. Parties (2)

d. Yields (3)