1legalsystem2012.pptVIP

* * * * * * * * * * * Legal systems Helen Gubby The legal framework The principal objective of a legal system is to establish rules and principles to regulate relationships. Where interests conflict, the law attempts to resolve differences by the application of these rules and principles. Business activities take place within a legal framework that sets out the rights and obligations of the participants. Public and private law Private law (also known as civil law) is concerned with the private rights and obligations of individuals, for example tort law and contract law. Public law is concerne