OBLIGATIONS & CONTRACTS Introduction to Law and Obligations Society and the Need for Lawyers Karl Llewellyn has once said: "Law begins when someone takes to doing something someone else does not like." | No civilized society ‘can.exist or long endure without law for there must perforce be law and order if people comprising that ‘society have to live in peace and not in chaos and.confusion.. tion of law therefore is the lordering of society. Laws » is oblige It also provides us with the means by which they may be redressed or enforced in the courts of law. However, due to the complexities brought by modernization, our laws have become too many, so technical and beyond* fhe understanding of ordinary members of society. Hence, before laws can: be a means of social control, a good number of us must receive special training in the law and be made familiar with the complexities of the procedure ‘of enforcing rights and obligations in courts of law — in short, the néed for persons knowledgeable in the laws. Business and the Law It is offen said that anyone who|want to-stay rich mus Liways have in his employ ja very good k id a skillful lawyer, The need for a successful collaboration between the one who provides the ways and means of making more_money and the-one_who. insulates. the entity from losing all the y gained, in some instances, in just a fraction of the time used in accumulating the same, could not be overemphasized. Scanned with CamScanner2_Law on Obligations and Contracts pl Hence, anyone who sées the wisdom behind prevention rather than cure would easily see the importance of acquiring a sound Junderstanding of the laws regulating the juridical relations arising from acts of commerce in addition to just learning business skills and acumen. Such familiarization with the pertinent and relevant laws \will-at the very least, shorten the learning curve in terms of making the marketing, management, financial and accounting experts conversant with the lawyer, with whom he would most offen be interacting. Definition of Law 1, In its broadest sense paw in its general sense eee is defined as any rule of brute creatures, be if animate or inanimate. 2. Inits specific sense 3. In the English Language The word “law” in the English language refers to both the sum of all legal r rules)(ius, droit, diritto, derecho, Recht) and the express rule laid down by legislative authority (lex; loi, legge, ley, Gesetz). 4. Inthe study of Ethics As defined by St. Thomas Aquinas, it is an ordinance. of. Season, promulgated ‘or the common go ¢ ir down by him who has the caré and welf o community, and made public by those in authority to those who are subject to it, Scanned with CamScannerIntroduction to Law and Obligations | 3 Laws and Morals Morals is the aggregate of all the rules of human conduct growing out of the collective sense of fight and wrong)in. the community. ¥ Morality is that quality of human acts which leads us to call some of them good and some evil. Through the constant interaction of the people with conflicting wants and desires, standards of what is good and bad are established. Eventually.a-society with its own system of morality,