BUSINESS LAW MIDTERM EXAM

It is a rule of conduct, just, obligatory, laid down by legitimate authority for common observance and benefits.

Regulates the rights and duties arising from the relationship of the state to the people.

Is the fundamental law of the land.It governs the relation of a state to its citizens. It is the supreme law of the land and all other laws must been acted in accordance with the general framework of the constitution.

Governs the interaction and conduct between countries, and the rights and duties of the citizens of a country toward the citizens of another country.

Defines crimes, their nature and provides for their punishment. It regulates the social conduct and proscribes whatever is threatening, harmful, or otherwise endangering to the property, health, safety, and moral welfare of people.

Governs the activities of administrative agencies of the government.

Regulates the relation of individuals with one another for purely private ends.

Governs the rights, obligations and relations of persons engaged in trade or business activities

The family code governs the relations of person with his family. 

People and family relationships mainly deal with the issues of

family matters such as marriage, annulment, and voiding of

Marriages, adoptions, property settlements between spouses, 

Parental authority, support for spouses and children, 

emancipation, legitime (inheritance) of children from their

Parents and other distant relatives

Laws pertaining to the definitions and regulations of property.