Asked by Aliya leblanc on Apr 27, 2024
Verified
Business law consists of the enforceable rules of conduct that govern commercial relationships.
Business Law
The body of law that governs the rights, relations, and conduct of persons, companies, organizations, and businesses.
Enforceable Rules
Regulations or directives that are legally binding and can be enforced by law.
Commercial Relationships
Interactions and connections between businesses or between businesses and consumers in the context of buying, selling, and trading goods or services.
- Recognize the sources of law that govern commercial relationships and how case law and statutory law interact.
Verified Answer
RA
Raven ArcangelMay 03, 2024
Final Answer :
True
Explanation :
Business law indeed encompasses the enforceable rules of conduct that govern the actions and relationships between individuals and entities in commercial contexts.
Learning Objectives
- Recognize the sources of law that govern commercial relationships and how case law and statutory law interact.