By Shawn Kopel
This article is center fabric for and gives a transparent, functional and modern creation to the elemental ideas of industrial legislations. it's been up to date and revised and provides a vast and leading edge spectrum of content material which addresses each element of commercial legislations. The 5th version is designed to be clearer and extra obtainable than ever, and extra examples and case illustrations are supplied to augment knowing and useful program. The textual content now deals numerous new chapters and an accelerated instructing ancillary package deal.
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Extra info for A guide to business law
A ‘duty’ is a requirement to do something or not to do something. We can therefore say that a duty is an ‘obligation’. 3The concept of legal personality ‘Legal personality’ refers to entities which may hold rights and duties in terms of the law. The law defines who or what may have legal personality and the extent of that personality once it is obtained. The law can define, alter, or withdraw legal personality. For example, according to our law, children have fewer rights than adults. Not all living creatures are legal subjects capable of bearing rights and duties.
If you hold this interest you may legally require another person to give something, or to do something, or to not do something. Legal subjects may have legal rights to: ‘Corporeal’ things, which are physical things that can be touched. For example, ‘immovables’ such as land (which cannot physically be moved from one place to another and still keep the same appearance), or ‘movables’ such as a motor vehicle (which can be moved physically to another place and keep the same appearance). ‘Incorporeal’ things, which exist as concepts that are represented by physical things.
For example, all motorists must drive on the left-hand side of the road in South Africa. This rule maintains order on our roads. These rules are both the price and the reward for people living in communities. The same rules that prevent us from abusing others protect us from the abuse of others. 2Justice The concept of ‘justice’ refers to the general sense of people as to what is fair and right. The closer a legal system comes to being just, the more willingly it will be obeyed by people. The law must be seen to be just and fair.