CPA-1-Business Law
| Institution | KASNEB |
| Course | CPA |
| Year | 1st Year |
| Semester | Unknown |
| Posted By | stephen |
| File Type | |
| Pages | 488 Pages |
| File Size | 3.14 MB |
| Views | 3390 |
| Downloads | 0 |
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Description
The term law has no assigned meaning. It is used in a variety of senses. Although different writers
have attempted to explain the term Law, no generally accepted explanation has emerged.
The study of the nature of law is known as Jurisprudence. Persons who explained the term law
from the same point of view form a school of jurisprudence/thought.
The word jurisprudence derives from the Latin term jurisprudentia, which means “the study,
knowledge, or science of law.” In the United States jurisprudence commonly means the philosophy
of law. Legal philosophy has many aspects, but four of them are the most common.
The first and the most prevalent form of jurisprudence seek to analyze, explain, classify, and
criticize entire bodies of law. Law school textbooks and legal encyclopaedias represent this type
of scholarship.
The second type of jurisprudence compares and contrasts law with other fields of knowledge
such as literature, economics, religion and the social sciences.
The third type of jurisprudence seeks to reveal the historical, moral, and cultural basis of a
particular legal concept.
The fourth body of jurisprudence focuses on finding the answer to such abstract questions
as “What is law?” and “How do judges (properly) decide cases?
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Consequently, we could have the following forms of business ownership:
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1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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1.0 The various forms of business organization
Business organizations can be formed by one person, a group of people or even government.
Consequently, we could have the following forms of business ownership:
i. sole proprietorship
ii. partnership
iii. limited liability company
iv. cooperative
v. public corpora
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227 Views
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284.78 KB
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