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I need the answer for this question. I have been looking in some many books and...

I need the answer for this question. I have been looking in some many books and i find differents asnwer. Could someone please help to respond this question?

What types of law impact business decision-making and business relationships? In what ways do the various areas of law impact business entities?

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Answer #1

The different laws that impact business decision-making and business relationships are:

1.The law of torts

2.The law of contract

3.Law of sales

4.The law of Agency

5.The law of property

6.The law of Bankruptcy

7.The law of Negotiable instruments

These laws protect the business men and also the customers,so there would be a good relation between the both. If this relation does not work between the both then the business firms will not run.These laws are necessary for to incorporate the business firm ,to run it and even to dissolve it.

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