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Financial Law Notes - Bachelor of Commerce

Institution: University

Course: Bachelor of Commerce

Content Category: Class Notes

Posted By: evedee

Document Type: PDF

Number of Pages: 24

Price: KES 200
 
    

Views: 1103     Downloads: 20

Summary

INTRODUCTION
1.1 NATURE AND SCOPE OF FINANCIAL LAW
Financial law is the branch of law that regulates social relationships arising from the financial activities. Financial law applies only to those financial relationships that are of an organizational nature; those based on contracts are regulated by civil law. For example, financial law covers questions of the organization of banking and the system of accounts but does not apply to relationships between bank institutions and recipients of credit or between clients settling accounts.
Public finance law refers to legislation and regulations relating to the financial activities of government or public sector organizations. Public finance laws govern the funding and administration of specific governmental activities including the sale and purchase of various types of bonds.
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