Sources of Law and Bankruptcy


Law is a discipline that governs practically every area of human life. The basic sources of law are Constitutions. Other types of law are common law and case law. International law and banking and finance law are examples of this discipline. The three types of law are outlined in this article. Read on to learn more about each one. Below you will find some examples of each of these branches. Once you’ve learned the basics of each field, you can move on to more advanced concepts.

Constitutions are the most fundamental sources of law

The first source of law is the constitution. The constitution regulates government actions, and statutes govern private action. Statutes can be enacted by two means, including the Congress. Federal statutes are passed by Congress, and state legislatures enact state laws. Criminal statutes are enacted by state legislatures and codified in penal codes. Both sources of law have important implications for government and individual actions, and they should be studied carefully.

Case law is a form of common law

There are two basic types of law: case law and common. Case law is an abstract legal system based on precedent and not on a written document. It is used in a variety of contexts, from the individual to the government. In the common law system, information given under a duty of confidence cannot be divulged unless the provider has consented. While precedent and case law are both used to determine the outcome of legal cases, common law is more commonly seen in civil law systems.

International law

The field of international law is vast and diverse. Oftentimes, headlines about international law relate to high-profile disputes. Disputes in trade, finance, and environmental issues are often settled through the application of international law. Although it was once believed that unchecked nation-state power hindered the development of a comprehensive international legal system, this view is changing. Today, international law plays a significant role in the foreign policy of nations all over the world.

Banking and finance law

Banking and finance law is an area of law that affects almost everyone, from the largest corporations to individuals. While these laws affect businesses large and small, many individuals face similar issues, from having their bank accounts robbed to securities and investment funds being misappropriated. If you have any questions about the laws that govern these fields, contact an attorney. They can help you understand what your options are in the particular situation you find yourself in. Here are some general tips for navigating these complicated areas of law.

Aviation law

Aviation law concerns the law of air travel and flight. Because air travel is a global phenomenon, this branch of law overlaps with admiralty law and international law. Here are some basic facts about this branch of law. In most cases, the rules and regulations of aviation law apply worldwide. Listed below are the most important aspects of aviation law. Let’s explore the definition of aviation law. When a person gets into an airplane, what is the legal impact?

Admiralty law

Admiralty law, also called maritime law, regulates the rights and responsibilities of private parties involved in nautical matters. The law consists of two major categories: private international law and domestic maritime law. In many cases, a private maritime dispute will be settled through litigation. Below, we will look at some of the most important cases involving admiralty law. To understand how admiralty law works, we should first understand what it is.

Private law

Private law is the area of law that relates to individual rights and responsibilities. This area of law covers areas of common law, such as torts, property, and labor, but also includes commercial and corporate law. Some areas of private law are now neglected in law schools in the United States. However, these laws are important, and they affect both individuals and businesses. For example, in a car accident, an individual can sue the person who hit his car into the fence, claiming that his actions violated his or her private property rights.


Directors of a company can be held liable for wrongful acts under a number of laws. Some examples of such laws include the Indian Penal Code 1860, the Drugs and Cosmetics Act 1945, the Income Tax Act 1961, the Negotiable Instruments Act 1881, and the Consumer Protection Bill 2019. Directors can also be held vicariously liable for actions committed by employees or other company officials. While the aforementioned laws generally protect the interests of the company, they do not protect the best interests of shareholders.