The following are reasons why law is important in commercial transactions:
1. It effectively governs trade between firms and individuals.
2. Law helps resolve conflicts and disputes in commercial transactions.
3. Law ensures that all business ethics are followed by both parties.
4. Law helps in the management of financial transactions.
5. It prevents consumer exploitation by business people.
6. It ensures fairness in any commercial transactions carried out.
Irene Linah answered the question on October 27, 2018 at 21:12
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