INTRODUCTION TO LAW

Meaning of Law & The Need for Law

 In Mans association with people in different capacities, he is expected to observe a code of conduct or a set of rules. The objective of these rules is to make human association possible & conducive for the welfare of the state & its people LAW IS A GENERAL TERM:
Citizen : rules to obey Lawyer: vocation Legislator: rules which he has created Judge: guiding principles to apply to decision.

 Since it is not possible to give a single accurate definition, the term law is preceded by an adjective e.g. Civil Law, Criminal Law, Mercantile Law Law includes all the rules and principles which regulate our relation with other individuals and with the State. State regulates the conduct of its people by a set of rules. Such rules of conduct, if recognised by the State and enforced by it on people is termed as Law.

IS LAW STATIC?
Law is not static. As circumstances & conditions in a society change, laws are changed to fit the requirements of the society. As such, law prevailing in a society at any point of time must be in conformity with the general sentiments, customs & aspirations of its people.

OBJECT OF LAW
Object of law is order; result of order is that men are enabled to look ahead with some sort of security as to the future. In the Indian Context it is to establish Socio - Economic Justice and remove existing imbalance in the socio- economic structure.

NEED FOR THE KNOWLEDGE OF LAW

IGNORENTIA JURIS NON EXCUSAT (IGNORANCE OF LAW IS NOT AN EXCUSE)
A businessman should be aware of legal principles so as to help him in avoiding conflict with the persons with whom he comes into business contact.

SOURCES OF LAW (With respect to Mercantile Law)

THE ENGLISH MERCANTILE LAW a. Customs, usage and tradition b. Decisions of Judges in similar situations c. Act of parliament d. Laws prevailing among traders e. Roman law LAW ENACTED BY PARLIAMENT OR STATE LEGISLATURE PRECEDENTS SET BY PREVIOUS JUDICIAL DECISIONS CUSTOMS AND USAGE

INDIAN SCENARIO
FLAWS & LAWS THE INDIAN LEGAL SYSTEMS COULD CONSIDER MIGRATING FROM JURASSIC PARK WHY DO WHEELS OF JUSTICE GRIND SLOWLY?