ACCTG 1 Lecture Notes - Lecture 16: Public Law, Private Law, Property Law
Document Summary
Chapter 3 - basic concepts of law: fields of law, private law, the government as such doesn"t play a role, it deals with the mutual relations between citizens, branches: Tort law: deals with compensation of damage when there is no contract. Law of commerce: regulates the transport of goods. Private international law: determines which laws are applicable if a case falls under more than one jurisdiction: public law, the government as such plays a central role, main branches: Criminal law: tracing, prosecution and punishment of criminals. Constitutional law: organizes the state and the government and deals with the division of gov powers, functioning of democracy, creation of legislation and relationship between central and local gov agents. Administrative law: deals with interactions between gov agents and civilians or private organizations. It has many branches of its own such as environmental law, social security law .
