CORPORATE AND BUSINESS LAWS NOTES

Institution	UNIVERSITY
Course	CORPORATE AND BUSINE...
Year	1st Year
Semester	Unknown
Posted By	Mwalimu Evans Okoyo.
File Type	pdf
Pages	355 Pages
File Size	9.56 MB
Views	7153
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‘Law’ means any rule of conduct, standard or pattern, to which actions are required to conform; if not conformed, sanctions are imposed. When we speak of the law of a State, we use the term ‘law’ in a special and strict sense. In this sense, the term ‘law’ is defined in Oxford English Dictionary as “the body of rules whether proceeding from formal enactment or from custom, which a particular State or community recognises as binding on its subjects or members”. These are rules which are recognised and acted on by courts of justice. Law may also be defined as rule of conduct of persons (both natural and artificial), imposed upon and enforced among the members of a given State.

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