Business Law & Ethics focuses on the legal and ethical principles that govern business operations. It ensures businesses operate fairly, transparently, and within the law.
1. Contract Law
- Covers agreements between businesses, suppliers, and customers.
- Defines legal obligations, terms, and conditions in business deals.
- Protects parties in case of contract breaches or disputes.
- Governs the formation, structure, and operations of companies.
- Includes regulations for company registration, ownership, and dissolution.
- Ensures businesses comply with government laws and corporate responsibilities.
- Protects consumers from fraud, misleading advertisements, and defective products.
- Ensures fair pricing, quality standards, and the right to compensation.
- Promotes ethical business practices and consumer trust.