GENERAL PRINCIPLES OF LAW

Law is the subject that touches every angle of human activities.  It has existed since the beginning of human society. The fundamental nature of the law is to regulate people’s conduct and, thus, to guarantee harmony in the society. Every person in the society is required to observe the law that guarantees non-interference with other peoples’ rights. Thus, everything a person is doing, with the view to sustain himself, is subject to the provisions of the law.  Failure to observe the law may attract sanctions and penalties. However, to be able to understand and apply the law one need to know at least the principles in which the law is found. This paper explains the meaning of the law, the nature of the law, the function of the law and the sources of the law in the society. 

see also: 

• Business Law; Lecture notes