Explain the scope, significance and objectives of Business Law.

Business law, also known as commercial law or mercantile law, is a broad legal domain that governs business and commercial activities. It includes regulations on contracts, trade, corporate governance, intellectual property, and dispute resolution. The primary purpose of business law is to ensure fair trade practices, protect consumer rights, and establish a legal framework for business operations.  

### Scope of Business Law  

The scope of business law is vast, covering various aspects of commerce and trade. It includes:  

1. Contract Law – Governs legally binding agreements between parties, including purchase agreements, service contracts, and employment agreements.  
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