CMA Foundation · Fundamentals of Business Laws and Business Communication · Sources of Law
Meera sues Anand in a civil court to recover Rs 2,00,000 lent to him under a written agreement. In terms of classification, the law applied to decide her claim is mainly:
The law applied is private law, because the dispute concerns rights and duties between two individuals under a loan agreement. Involvement of a court or a demand for money does not turn it into public or criminal law, which concern the State and wrongs against society.
- APublic law, because a court is involved
- BCriminal law, because money is demanded
- CPrivate law, because it governs rights between individualsCorrect
- DInternational law, because an agreement is involved
Explanation
A dispute over a loan between two private persons falls under the law of contract, which is private (civil) law. The involvement of a court does not make a law public. Criminal law deals with wrongs against society, which is not the situation here.
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