Chapter 1 Introduction to Business Law

The video tutorial explores the legal system, starting with the origins and sources of law, including jurisprudence and legislative motivations. It discusses the rule of law, emphasizing fairness and economic productivity. The tutorial covers property rights, ownership, and the state's role. It explains the common and civil law systems in the US, and differentiates between public and private law. Finally, it examines the sources of law, including the US Constitution, statutory law, and the judiciary's role.

What is the difference between public law and private law?

What roles do legislators and the judiciary play in establishing the legal hierarchy?