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KNEC Business Law Notes

Institution: Rift valley Institute of Science and Technology

Course: Diploma in Human Resource /Business administration/Business management/Supply Chain Management

Content Category: Class Notes

Posted By: 07998365xx

Document Type: PDF

Number of Pages: 141

Price: KES 100
 
    

Views: 1408     Downloads: 12

Summary

Get your KNEC PDF notes here. Business Law KNEC notes cover all the topics in the unit is, from topic 1 to topic 9. Well written according to the current KNEC syllabus coverage.

TOPIC ONE
THE NATURE, PURPOSE AND KINDS OF LAW
The Nature of Law
The term ‘law’ is used in a variety of senses. There are laws of physical sciences, laws of social sciences,
moral laws and laws of state.
1. Laws of physical sciences
- Laws of physical sciences are those facts which have been proved correct and do not change
over a period of time. Such laws establish the relationship between the cause and effect of
related facts. These laws are permanent and universal e.g Law of motion, law of gravity etc.
2. Laws of social sciences
- The laws of social sciences also establish the relationship between the cause and effect of
certain facts but these laws are true under certain given conditions only e.g. laws of economics,
Laws of Sociology etc.
3. Moral laws
- Moral laws are laws of human conduct as members of a society. These laws guide us as how we
should live in society. The examples of moral laws are ‘Do not tell a lie’ or ‘Treat your fellow men
with courtesy’.
4. Laws of state
The laws of state are those laws which are made or enforced by a state. It is the duty of the citizens of a
country to obey these laws. If they disobey them, they are punished e.g. theft is a crime and whoever
breaks this law will be punished by the state. In this course the concern is with the laws of state only. The
term ‘law’ used in this course means the law of the state. The law is part of everyone’s life. There is need
to understand the prevailing laws because the individuals can be affected by them one way or another.
For example, a person may find himself being prosecuted and punished for an offence he has
committed. Similarly, he may find himself being sued for compensation (or some other remedy) for an
injury which has resulted from a wrong doing by him against some person.
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