1) Laws may be defined as a body of rules which are enforced by the state. There are two types of laws in Malaysia‚ those are written law and unwritten law. Written laws are laws which have been enacted in the constitution or in legislations. Besides‚ written laws refer to the law that is contained in a formal document and which has been passed by a person or body that is authorised to do so. In Malaysia‚ which has a written constitution‚ written law consists of the Federal and State Constitutions
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BY-LAWS (ON PROFESSIONAL ETHICS‚ CONDUCT AND PRACTICE) OF THE MALAYSIAN INSTITUTE OF ACCOUNTANTS Malaysian Institute of Accountants Dewan Akauntan‚ No. 2‚ Jalan Tun Sambanthan 3‚ Brickfields‚ 50470 Kuala Lumpur‚ Malaysia. Website: www.mia.org.my (AMENDED AS AT 15 JUNE 2012) By-Laws (On Professional Ethics‚ Conduct and Practice) of the Malaysian Institute of Accountants [Issued December 2010] PREFACE The Revised By-Laws (On Professional Ethics‚ Conduct and Practice) of the Malaysian
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Aquinas on Law Aquinas talks about general law. Aquinas has definition of general law: “nothing other than a certain dictate of reason (rationis ordinatio) for the common good‚ made by him who has the care of the community and promulgated." According to Aquinas‚ the law is based on a reason. The purpose of a proper function of the law is to promote common good given out by the person who has a leadership. He talks about four types of law. These laws are eternal law‚ divine law ‚ natural
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the law Chapter 1 | Introducing the law 1. 2. 3. 4. 5. Law and life The nature of law Justice‚ ethics and politics The sources of law The Australian legal system Law and life Chapter 1 Introducing the law You already know about the law ... •... from your personal life. •... from your business activities. •... from the media. •... from popular culture. •There are very few aspects of life that are not regulated by law. The nature of law Chapter 1 Introducing the law Defining the law •Law
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In Malaysia‚ our contract law is basically governed and enforced by the Contract Act 1950. The remedy of specific performance presupposes the existence of a valid contract between the parties to the controversy. The terms of the contract must be definite and certain. This is significant because equity cannot be expected to enforce either an invalid contract or one that is so vague in its terms that equity cannot determine exactly what it must order each party to perform. It would be unjust for a
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Unwritten law is law that has not been enacted by the legislature (Parliament and the State Assemblies) and this law is not found in the written Federal and State Constitutions. This law is found in cases‚ which have been decided by the courts and local customs. Unwritten law is mainly comprised of: 1. English Law English law forms part of the laws of Malaysia. English law can be found in the English common law and rules of equity. However‚ not all of England’s common law and rules of
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Administrative law is the law that determines the organization’s powers and duties of administrative officers. It is the law relating to the administrative government. It concerns itself with public authorities and how they function. Administrative law is the body of general principles that govern the exercise of power by authorities. Wade defines Administration Law as the Law relating to control of government power.1 He further assets that the primary purpose of administrative law is to keep the
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Different aspects of law There are four aspect of law namely: 1. Public and private law: Public laws are those laws that are relevant to matters affecting the entire community for examples laws about criminal activity or the environment. Public law involves interrelationship between the state and the general population. While private law involves interactions between private citizens or it applies to the relationship between an individual and the government. 2. Criminal and civil law: Criminal is a
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COMPANY LAW MGMT3046 (MS37B) ACADEMIC YEAR 2011/2012 WORKSHEET 1 INTRODUCTION TO THE COMPANY LAW REGIME TYPES AND NATURE OF COMPANIES Learning objectives: The student should be able to: ✓ describe the various kinds of companies that may be registered under the Companies Act; ✓ explain the distinction between private and public companies with reference to the relevant provisions of the Companies Act; ✓ explain the concept of limited
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Meaning of law A law is a special type of rule that has been made by a person or institution that has the authority to make laws. This is referred to as ‘sovereign power’. In democratic countries‚ such as Australia‚ Britain and the United States‚ the sovereign power is Parliament. Society elects Members of Parliament to make laws on their behalf. Laws made by Parliament are known as statute laws. Australia has a type of legal system known as ‘common law’. This system allows for laws to also be
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