hanism (state law, administrative law). It fixes the existing property relations and operates as a regulator of measure and forms of distribution of labour and its products among the members of society (civil law, labour law)/ Finally, the law lays down the measures for combating encroachment on the state system, the existing order of social relations, together with the forms in which this is done (criminal law, procedural law, corrective labour law).
  Law at any given moment is a body of rules and regulations that is product of the lawmaking process. Since business, social, and political relationship are changing daily, a flexible legal system is needed to accommodate the new and unprecedented problems that are constantly arising. Business law does not refer to a single branch of law. It describes those parts of law most closely connected with typical business activities. Every person should have some knowledge and appreciation of the law under which she or he lives.
  Laws are rules that are supported by the power of government. The whole system of punishment exists for those who do not wish to obey these official rules.
  The person who breaks the law called an offender or a law-breaker.
  The first source of law is the customary conduct of community life. Croup life creates customs, and when these customs became stabilized to the extent that each member of society is justified in assuming that every other member of society will respect them and will act in

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