business law

• Sources of Law

  • Constitution
  • Legislation
  • Administrative or executive orders regulations and rulings
  • Judicial decisions or jurisprudence
  • Customs
• Constitution


  Written instrument by which fundamental powers of the government are established, also referred to as the fundamental law or supreme law or highest legislation
• Legislation


  Consists in the declaration of legal rules by a competent authority, a predominant source of law in the Philippines
• General sense of State Law

  Refers to all the taken law together and defined as the mass of obligatory rules, in its specific sense as promulgated by legitimate authority
• Rule of conduct promulgated by legitimate or competent authority is called legislature under the constitution
• State Law may be understood in two concepts: general or abstract sense
• Laws enacted by the congress to maintain harmony are called statutes
• Administrative or Executive Orders Regulations and Rulings

  Issued by administrative officials under legislative authority
• Legislation by Legislature

  Also called enacted law or statute law
• Judicial Decisions or Jurisprudence


  Decisions of the courts, particularly the supreme court, applying or interpreting the laws or the Constitution, forming part of the legal system of the Philippines
• Customs

  Habits and practices which through long and uninterrupted usage have become accepted and approved by society as binding rules of conduct, having the force of law when recognized by the state
• General Nature of Law: Law means any uniform rule of action or system
• State Law

  Law promulgated and enforced by the state, also known as positive law, municipal law, civil law, or imperative law
• Only state law is enforced by the state with the aid of physical force
• Substantive Law


  Body of law creating, defining, and regulating rights and duties, which may be public or private
• Public Law

  Body of legal rules which govern the rights and duties arising from the relationship of the state to the people
• Classifications of Law

  • Substantive Law
  • Adjective Law
  • Public Law
  • Criminal Law
• Adjective Law

  Also called remedial law or procedural law
• Criminal Law

  Law that defines crimes
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