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Law is defined as rules of conduct of any structured civilization, however undemanding or minute, that are imposed by warning of penalty if they are violated. Current law has a broad clarity and regulates lots of branches of behavior." basically law is the rules and regulations that aid in governing conduct, handling disputes, and dealing with criminal actions.
The is an answer to many problems in business and society today serving many roles most of them being ethical issues. Law can be categorized into three major categories in relation to business and society which are criminal and civil law, substantive and procedural law and public and private law.
Criminal law is the rule through which public obligation of crime are prosecuted by government agencies, while social law is the law through which private parties may bring lawsuits beside one another for real or imagined wrongdoing. E.g. criminal law would deal with the trial of a crime such as one person hitting another with their car, and civil law would deal with the lawsuit, as the person hit would sue the driver of the car for monetary reward.
Substantive laws are the social rights and duties of people, and procedural law are guidelines through which government bodies or courts deal with breaches in substantive law. E.g. substantive law would state that hitting someone with a car and driving off is a crime, while procedural law would define how the courts could try and sentence in the case
Public law is a framework of guidelines defining association between the state and subjects, private law is the guideline through which persons or groups interrelate with one another. E.g. public law has subdivisions that include constitutional, administrative, and criminal law, whereas private law would cover such areas as contracts and