Law

the system of rules which a particular country or community recognizes as regulating

the actions of its members and which it may enforce by the imposition of penalties.

There are four different types of law, criminal, civil, common and statuate.

commercial law

Commercial law involves legal problems that can occur in the running of businesses

and commercial transactions.

Business and Commercial Law

Business law and commercial law are two areas of legal practice that have so many

overlapping issues that most attorneys who practice one will also have expertise in the

other. Commercial law focuses on the sale and distribution of goods, as well as financing

of certain transactions. Business law focuses on the other aspects of business, including

forming a company, mergers and acquisitions, shareholder rights, and property issues

such as leasing office or warehouse space.

contract

 a written or spoken agreement, especially one concerning employment, sales, or

tenancy, that is intended to be enforceable by law.

What do you mean by offer and acceptance?

An offer is an open call to anyone wishing to accept the promise of the offeror and

generally, is used for products and services. Acceptance occurs when an offeree agrees to

be mutually bound to the terms of the contract by giving consideration, or something

of value like money, to seal the deal.