Law is a structure of regulations and embarks a system of control, used as a device to establish obedience in human society, politics, civil authorities and in our economy. It acts as the foremost social arbitrator in relations between the society and its people, the criminals and the police, the terrorists and the army force in order to elaborate rights and responsibilities in a variety of ways.
You all must have seen the statue of “Lady Justice” in various courts and financial institutions. She depicts justice as a goddess who has 3 symbols of law: A sword (court's coercive power), scales (weighing of competing claims) and a blindfold (impartiality).
"The rule of law is better than the rule of any individual.” These were the words of the Greek philosopher, Aristotle, who was a great follower of Law. Law is geared up with a lot of disciplines. Let us have a look at some of those curbs.
Contract law deals with those contracts that hold any kind of relation with everything from civil purchase to all kinds of trade linked with derivatives markets. Property law, as the name suggests, is linked with the accountability of personal and real property. It also deals with the transfer of property documentation as well. Trust law is linked to the assets that are associated with financial security and investment related problems, while Tort law deals with all kinds of claims for compensation a person or his property is destroyed.
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