Week 1 Flashcards
Why is there law?
In order to do business, people need trust, protection of their interests & reliance on the system
Public Law
to regulate the markets, the system and the access to the market
Constituational
Administrative
Criminal
Procedural
Private law
to regulate agreements betweens between legal subjects, establish & continue business relationships
Law of obligations & contract law
Property law
Commercial law
Consumer law
Constitutional law
organisation of states
Administrative law
relationship between states and legal
subjects; functioning of the market (e.g. certification, licenses…)
Criminal Law
safeguard of our society & its values
Consumer law
relationship between business & consumer
Commercial law
relationship between 2 or more businesses
Property law
ownership & possession (and security rights)
Law of obligations & contract law
unilateral and/or multilateral
obligations between legal subjects
Functional approach
its role for society
Global approach is needed
farm to fork (whole supply-chain)
Separation of power: A legislature
Making the laws of a country
An executive
Governance of the state
Can also enforce the law
A judiciary
Enforcement of rights
Civil courts
Commercial courts
Administrative courts
Constitutional courts
Criminal courts