Private Law and its Legal Branches
In both public Law and
private law, there are many branches; all studied within the objective
and subjective law, making reference to the faculties and prerogatives each
individual has in a society.
Mercantile Law: are the norms that
regulate the activities between businesses, commercial acts and the derived
legal relation. Although, these are part of the private law and act as business
law, the internationalization of the commerce is leading more and more to
consider it as a right of the market, that is, as part of the public law.
International Private Law: are the norms that establish the legal
relations between individuals subject to the norms of various States. Its
purpose is to highlight which law and which authority is competent to regulate
and update a certain relations.
Civil Law: this law regulates:
- The Person and its Civil Rights: these are the most basic ones, and are the one every individual has since its birth.
- The Inheritance: all the assets and obligations a person has.
- Relationship with Relatives: it regulates the relationship between individuals that decide to start a family, and the obligations derived with other individuals (among each other, and with the children), and the inheritance.
- Transferral of assets and rights because of death: succession right.


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