Business Law

General and International Business Law for IBS students

Semester I. General Business Law

by dr. Gábor ANDRÁSI and dr. Tamás MADARASSY

International Business School, Budapest 2004

Contents Preface ....................................................................................................................................... 5 Chapter I ................................................................................................................................... 6 Definition and System of Law ................................................................................................. 6 1. What Is Law? ..................................................................................................................... 6 2. The System of Law ............................................................................................................ 7 The Continental Legal System............................................................................................ 7 The Difference between the Continental and the Anglo-Saxon Legal System ................... 8 Federal Legal Systems ....................................................................................................... 9 Chapter II................................................................................................................................ 10 The Constitutional Order ...................................................................................................... 10 1. Classification of States ..................................................................................................... 10 2. The Constitution and the Constitutional Order ................................................................ 11 3. The Constitutional Order of Hungary .............................................................................. 12 The Head of State: the President of the Republic of Hungary (köztársasági elnök) ....... 12 The Legislative Authority: The...