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Law

Law is a [system] of rules, usually enforced through a set of [institution] s. It shapes [politics] , [economics] and [society] in numerous ways and serves as a primary social mediator of relations between people. [Contract law] regulates everything from buying a bus ticket to trading on [derivatives markets] . [Property law] defines rights and obligations related to the transfer and title of [personal] (often referred to as chattel) and [real property] . [Trust law] applies to assets held for investment and financial security, while [tort] law allows claims for compensation if a person's rights or property are [harmed] . If the harm is criminalised in a statute, [criminal law] offers means by which the state can prosecute the perpetrator. [Constitutional law] provides a framework for the creation of law, the protection of [human rights] and the election of political representatives. [Administrative law] is used to review the decisions of government agencies, while [international law] governs affairs between sovereign [nation state] s in activities ranging from [trade] to environmental regulation or military action. Writing in 350 BC, the [Greek] philosopher [Aristotle] declared, "The [rule of law] is better than the rule of any individual."

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