Law Cheat Sheet

LAW CHEAT SHEET: THE MOST IMPORTANT DEFINITIONS FOR EACH OF THE BRANCHESIt encompasses all laws dictating how BUSINESS LAW It explains the duties, liabilities,to run and form a business. It includes rights as well as legal obligations ofall laws governing how to start, It is also called commercial law, which parties involved in sales contracts,manage, buy as well as sell or close any is the body of riles, whether by purchase and other kind ofbusiness type. agreement, convention or agreement or contract entered intoBusiness law establishes rules for all international or national legislation that is related to any commercialbusinesses that they should follow. A that governs the dealings between activity or business.businessperson should be familiar with individuals in commercial matters. It also includes laws on intellectualbusiness laws and to know when to get Business law falls into two areas: the property, such as copyrights,advice from a licensed attorney. commercial transactions regulation trademarks, patents and others. ItThis branch of law includes federal and by contract laws as well as related includes consumer protection law.state laws as well as administrative fields and the commercial entities The law applies to any person whoregulations. regulation by company laws, has a plan on starting or is openingIt is also considered as commercial law partnership, agency and bankruptcy. a business of his own.and it is a body of law that governs Business law is a branch of law Business law deals with finance law,commerce and business. dealing with the duties, legal rights, banking law and other essentialThis is considered a branch of civil law parties liabilities involved in any civil laws. dealing with both issues of public law business transactions that are relatedand private law. to sales, merchandising, trade andIt regulates hiring practices, corporate commerce. contracts as well as sales and It deals with legal aspects like laws ofmanufacture of consumer goods. agent and principal, carriage by landNumerous countries have adopted civil or sea, laws of guarantee andcodes containing comprehensive indemnity, insurance laws such asstatements about business law. accident insurance, fire, life andThis also refers to laws that apply to marine, partnership laws, partnershipbusiness entities like corporations and and much more.partnerships. Business law is a broad term and it has numerous divisions. Business law is a commerce law dealing with all aspects of entering into purchasing or selling agreements.

LAW CHEAT SHEET: THE MOST IMPORTANT DEFINITIONS FOR EACH OF THE BRANCHES CRIMINAL LAW TAXATION LAW The law area includes tax code that has been used often for objectivesIt refers to body of laws that applies Taxation law covers the policies, laws aside from raising revenue, liketo criminal acts. If a person fails to and rules that oversee tax process meeting social agendas, economicadhere with a certain criminal statute, involving charges on transactions, and political.she or he commits a criminal act property, estates, licenses, income and Taxation law is a legal study area thatbecause she or he breaks the law. other by government. It includes deals with common-law,Criminal law is different from the civil duties on imports from other constitutional, tax treaty, statutory aslaw because criminal law involves countries all other necessary levies well as regulatory rules constitutingforfeiture of imprisonment and rights. imposed by government upon the law the is applicable to taxation.Criminal law main theories include persons for benefit of state. In law schools, taxation law is an areareform the perpetrator, deter crime, Taxation law covers payment of taxes of specialist study and sub-discipline.give retribution for such act as well as to minimum of four levels ofprevent further crimes. government, either indirectly or CONTRACT LAWCriminal law is a body of statutes or directly. Indirect taxes are beingrules defining conduct that is assessed against services and It is a body of law governing writtenprohibited by a government because products that meant to be consumed. and oral agreements associated withit harms and threatens public safety Direct taxes are those being paid to exchange of services and goods,as well as welfare. the government and being imposed properties and money. It includesCriminal law establishes certain against things, such as real or land topics like nature of contractualpunishment that will be imposed for property, income and personal obligations, actions limitations,commission of such acts. property. contract freedom, contract privity,The term criminal law refers to It ranges from local government level, contract termination as well as coverssubstantive criminal laws. like other municipalities and cities, agency relationships, employmentA misdemeanor is a misconduct, districts, townships and countries to contract and commercial paper.wherein the law prescribes state, federal and regional levels. Contract law is concerned withpunishment of not more than 1 year This law includes agencies, utility supporting social institution ofof imprisonment. For lesser offenses companies, transit districts and exchange.like parking infractions and traffic schools. infractions, it is considered a part of Note: When it comes to federal taxthe criminal law. law, this law is being administered byCriminal law deals with law of crimes Internal Revenue Service, a bureau ofand their punishments.  United States Treasury.

LAW CHEAT SHEET: THE MOST IMPORTANT DEFINITIONS FOR EACH OF THE BRANCHES CIVIL LAW Civil law is a body of laws governing References ordinary private matter, which are https://study.com/academy/lesson/what-is-Civil law is a body of rules delineating separate from laws that are presiding criminal-law-definition-purpose-types-private remedies and rights. It over political, military, or criminal cases.htmlgoverns disputes between persons in matters. https://legal-areas like property, family and In United States, civil law is like judge- dictionary.thefreedictionary.com/Criminal+Lawcontracts. made and common law relaying on https://www.merriam-In the United States, civil law has two court decisions in determining the webster.com/dictionary/criminal%20lawmeanings: civil law refers to a legal cases outcomes. https://study.com/academy/lesson/what-is-system prevalent in Europe based on Civil law is part of the country set of business-law-definition-overview.htmlwritten codes. In this sense, civil law is laws that concerned with citizens https://en.wikiversity.org/wiki/Business_Lawbeing contrasted with common-law private affairs, such as property http://www.quizlaw.com/what-is-business-law/system that used in England and ownership and marriage. http://www.gclawnc.com/blog/what-is-United States relying on prior case Civil law is a law system based on business-law-what-are-the-features-of-law in resolving dispute than written Roman system that is distinguished business-lawcodes. The other meaning is that civil from canon law and common law. https://www.hg.org/tax.htmllaw refers to body of laws that govern In America, civil law is body of https://en.wikipedia.org/wiki/Tax_lawdisputes between persons as opposed codified law developed from Roman https://legal-to people governing offenses that are law and enforceable in American dictionary.thefreedictionary.com/civil+lawrelated to government and public. nations and Europe.  https://legaldictionary.net/civil-law/In France, civil law is being set forth in https://www.collinsdictionary.com/dictionary/eFrench Civil Code of 1804. nglish/civil-lawThe law is a rules body defining and http://www.businessdictionary.com/definition/cprotecting the citizens’ private rights ontract-law.htmlthat offer legal remedies, which can https://study.com/academy/lesson/contract-be used in the case of disputes. law-terms-definitions-contract-types.htmlIt is from ancient Rome laws thatbeing used in doctrines in developinga code that finds out “how the legalissues could be decided”.