Sat
9
Jul
7:13 pm

We all know The law is a system of rules and guidelines, usually enforced by a series of institutions.

Legal systems elaborate rights and responsibilities in a variety of ways. A general distinction can be made between civil law jurisdictions, which codify their laws, and common law systems, where judge made law is not consolidated. In some countries, religion informs the law. Law provides a rich source of scholarly inquiry, into legal history, philosophy, economic analysis or sociology. Law also raises important and complex issues concerning equality, fairness and justice. “In its majestic equality”, said the author Anatole France in 1894,  the law forbids rich and poor alike to sleep under bridges, beg in the streets and steal loaves of bread. In a typical democracy.

The central institutions for interpreting and creating law are the three main branches of government, namely an impartial judiciary, a democratic legislature, and an accountable executive. To implement and enforce the law and provide services to the public, a government’s bureaucracy, the military and police are vital. While all these organs of the state are creatures created and bound by law, an independent legal profession and a vibrant civil society inform and support their progress.

 

Law of agency

The law of agency is a commercial area of ​​law dealing with all contractual or quasi-contract or tort, where a person, called the agent is authorized to act on behalf of another person (called the director) to create a relationship legal with a third party. In short, you can call the relationship between a principal and an agent that the principal, expressly or impliedly authorizes the agent to work under their control and on their behalf. The agent is required to negotiate on behalf of the principal or bring him and others in a contractual relationship. This branch of law separates and regulates the relations between:

- The officers and directors.

- Agents and third parties with which they are working on behalf of their principals, and

- Directors and third, when agents of the intention to treat in his name.

Common law principle of operation is usually represented in the Latin phrase, here alum facit Fri, facit per se, that is, one who acts through another, acts as his interests, and is parallel to the concept of liability for the acts others and strict liability in which a person is responsible, criminal justice, or for damages for acts or omissions of another.

Law[4] is a system of rules and guidelines, usually enforced through a set of institutions.