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Law is a term which does not have a universally accepted definition,but one definition is that law is a system of rules and guidelines which are enforced through social institutions to govern behaviour. Laws can be made by legislatures through legislation.

Law is body of principles embodying social values, providing one of the principal instruments of change and a frame work for justice through which changes in society, technology and thinking modify. Thus, law plays an invaluable role in bringing out reforms and stimulating in laying down the standards and norm of behaviour morality, justice, socio-cultural norms and business practices

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