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 c. Parties d. Yields (3)

(4) (2)