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Some of the business law questions and answers are mentioned below. This book is also useful for CA, IPCC 1st year students and for BBA ( Business Administration) 1st year students. Business laws is the body of law which governs business and commerce and is often considered to be a branch of civil law and deals both with issues of private law and public law.Commercial law regulates corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Businesses need these laws for the same reasons that people do: to define unacceptable behaviour, to provide certainty and stability, to protect the public, and to provide a mechanism for businesses to resolve disputes. Business Law Definition: Business Law is a law specialisation which is also referred to as Mercantile Law. The Negotiable Instrument Act: Nature and Types, Negotiation and Assignment. This book is mainly for B.com 1st year students, for BBA 1st year students and for MBA 1st year students. 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business law notes for bba 1st year pdf