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Essay / The importance of commercial law for my future career
Commercial law is very essential in my future career since I am studying Bcom accounting, that means my career will definitely be in finance or other careers . Commercial law is important because it governs commerce between businesses and consumers, it creates regulated systems that are fair to all parties involved in commerce by conducting it in a reasonable manner. Commercial law will help resolve disputes and conflicts; describe the legal responsibility of a business and consumers; it helps to understand and manage financial transactions. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an Original Essay In my future career, I am bound to face some sort of conflict or dispute with stakeholders. I will be able to resolve these issues with commercial law as it will resolve any conflict or dispute I may encounter in the future using the following steps of negotiation, mediation, arbitration and litigation. This is why commercial law is vital for my future career. Commercial law describes the legal responsibilities of a business and consumers. When interacting with other businesses or customers, it will be very important to know my legal responsibilities and obligations as a business or as a customer; I need to know that I am obligated by a set of legal and ethical responsibilities. I must be able to present the terms and conditions to the other stakeholders, they are also required to fulfill their obligations, just like I am supposed to do. Therefore, this will protect me and other parties involved from any disputes and conflicts, which will also save me from having a legal action in my name. You might also be interestedGolden rules for choosing a dream careerWho to be? The question “who to be?” » is one of those that is often impossible to answer. How to choose a profession and not be disappointed? Say no...The commercial world is also a large industry with many transactions taking place, it will be vital for me to understand and manage the financial transactions that take place in my career sector. Transactions are inevitable, being able to manage and understand them is vital to a successful career or business. When we are in an entity that operates with high volumes of financial transactions, it is essential to know how to manage these transactions and also understand how they work, which will help us achieve our career goals, because I will have an advantage on my competitors. why commercial law is very important for my career because everything I have to do must be lawful and reasonable with the standards set by law. Keep in mind: this is just a sample. Get a custom paper from our expert writers now.Get a Custom EssayMy career would be a disaster without commercial law because it will help me understand and manage financial transactions; describe the legal responsibilities I have as a business and consumer. Commercial law will help resolve conflicts and disputes that may arise in the near future; Having commercial law will positively improve my chances of success in my career, so it is essential to have it in my future career.ReferencesLinkilaw, business structure 2016, commercial law,Commercial law is essential for your success, accessed on 20 March 2020, https://linkilaw.com/business-structures/commercial-law/