A lends Rs 500 to B. He later tells B that he need not repay the amount, the contract is discharged by __________.

Business law is also known as commercial law or corporate law. Business law governs the rights, relationships, and behaviour of businesses and individuals engaged in commerce, merchandising trade, and sales. It deals with private and public law issues and is sometimes seen as a branch of civil law.

Business law courses cover contract laws, manufacturing and sales laws, and also hiring practices and ethics.