1. What is the Purpose of Law?

2. Why do we need law for business?

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1: The main purpose of law is to establish the rules which are essential for creating a society that lives together and works together. Law seeks to protect individuals from harm and outside aggression such as robbery, assault, etc. It also helps in promoting business by laying down standards rules which are applicable to the parties of the deal. As an example, law has the right to enforce contracts and punish...

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