THE RULE OF LAW

We usually learn  from our elders as we grow up that Ignorance of Law is no Excuse !  We frequently  hear that  Nobody is above the Law !  All are equal  before the Law !  It is the Rule of Law , Not of You &  and I ! 

          The above are the pointers to the Quality , Quantity and  Application of Law in  our day to day Life  heard in some form or the other  from day begin to day end . Hence,  Unforget the Rule of Law while the Act of God , the King's Foes , Restraint of Princes and Rulers , all and every other Dangers and Accidents of whatsoever nature and  kind  during  one's Life  time  being always expected !

                  For those of all in the field of Commerce , it has been especially  called THE  COMMERCIAL  LAW .  In India , there are  prevailing  importantly 15  Commercial Laws  , so to say for the time being . Their   names  are  given  below.

1.Indian Company Law 

2. The Registration Act 

3. Indian Stamp Act 

4.  Sale of Goods Act 

5. Partnership Act 

6.  Negotiable Instruments Act 

7. Pledge and Bailment 

8. Guarantee and Indemnity 

9. Contracts 

10. Agency 

11. Bill  of Lading  and Letter of Credit 

12. Insolvency Law 

13. Insurance Law 

14. Actionable Claims & Mortgage of Property 

15. Limitation Act . 

This Debate on the TOOSTEP  platform is to provide ourselves with much solicited advice as to how to know these social  obligations called Commercial Laws  selectively . Distinguishing between any two Laws  and  straight jumping to the points of distinction are a great thing for a working mind  in the fileld of Commerce .

So , friends , participate and come forward to dabate your Mission of Commerce since you have the Permission and take your Commission  from the Debate .