research paper on introduction to business law.

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Need an research paper on introduction to business law. Needs to be 6 pages. Please no plagiarism. Its advantage lies in its constancy and transparency by virtue of the fact that its provisions have been codified but this advantage is also its greatest disadvantage. On the other hand, common law trials are governed by the decisions previously made by judges in earlier similar cases and the customs of the place (Doeker-Mach & Ziegert 2004 54).

(b) Sharia Law is the Islamic system of law and governs all aspects of Muslim life including government, legislature, civil, public and personal. This is because in Islam, church and government are not separate spheres. Its primary sources are the Koran or Qur’an (the Muslim holy book) and Sunna (customs and practices of Muhammad and handed down to his followers). Sharia Law is underpinned by the principle that nothing can take precedence over the Koran or the Sunna, and legislation is allowable only if it does not contravene or conflict them (Khan 2003 185).

(c) International Law is the set of rules and regulations that govern the conduct between and among states and has for its sources: international conventions or treaties, international custom, general principles of law, judicial decisions and teachings of respected publicists (Malanczuk & Akehurst 1997 1, 36). The primary arbitrator of international law is the International Court of Justice (ICJ), which supplanted the Permanent Court of International Justice (PCIJ) after WWII. After WWI, the League of Nations created the PCIJ and was tasked to arbitrate international conflicts. The advent of the second world war, however, necessitated the creation of a new international organization that would veer away from the Versailles System and be responsive to the new world order. The United Nations was born in 1945 and subsequently the International Court of Justice, the establishment of which was provided in the UN Charter itself, in 1946. Its seat is in the Peace Palace in The Hague, Netherlands.