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An overview 2 common law, equity and statute law 23 custom 25 case law. One of the reasons for studying business law is to learn to predict what the law will be in the conduct of businesses both at the national and international level. The legal definition of a contract is a promise or set of promises that, when breached by one party, gives the other party a. Ppt business law chapter 1 powerpoint presentation free to download id. International law has the principles and rules of the general application which deals with the conduct of international organizations and also with the conduct of the states in their international relations with one another and with the minority groups, transnational companies, and private individuals. The options that have been explained are the options on the default powerpoint software.
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