BBA unit one
Legal Environment of
Business
Madan Thapa, Advocate
,Meaning, definition and nature of
law
• Law is rules and regulation.
• Law is a system, system that made in a society/state to regulate it.
• Law is a regulatory order, regulatory system.
• Law is rule and regulation to control/ to control human conducts.
• Laws are those rules and regulations which are made and applied in a
state. Rules of human conducts to maintain system(peace, order,
justice) in a society/ state.
• Justice maintaining of a state is law.
, Law means those rules and
regulations which are made and
implemented by the “state”
• What is state ?
• State is the ruling mechanism of a nation.
• State consists of three organs (1) legislative- parliament-organ made
by the people’s elected representatives. It makes law.(2) Executive-
government-ruling administrative organ. Parliament elects prime
minister and the president on the recommendation of the P.M.
appoints other ministers. Whole national administration runes within
the respective ministries. Executive implements/ executes the law. (3)
Judiciary –the court system-justice administration. Judiciary defines
the law.
Legal Environment of
Business
Madan Thapa, Advocate
,Meaning, definition and nature of
law
• Law is rules and regulation.
• Law is a system, system that made in a society/state to regulate it.
• Law is a regulatory order, regulatory system.
• Law is rule and regulation to control/ to control human conducts.
• Laws are those rules and regulations which are made and applied in a
state. Rules of human conducts to maintain system(peace, order,
justice) in a society/ state.
• Justice maintaining of a state is law.
, Law means those rules and
regulations which are made and
implemented by the “state”
• What is state ?
• State is the ruling mechanism of a nation.
• State consists of three organs (1) legislative- parliament-organ made
by the people’s elected representatives. It makes law.(2) Executive-
government-ruling administrative organ. Parliament elects prime
minister and the president on the recommendation of the P.M.
appoints other ministers. Whole national administration runes within
the respective ministries. Executive implements/ executes the law. (3)
Judiciary –the court system-justice administration. Judiciary defines
the law.
