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Law' means any rule of conduct, standard or pattern to which actions are required to confirm. Just as game of football or cricket could not be played satisfactorily without rules to govern the players, life in general and the business world in particular could not continue without law to regulate the conduct of people and to protect their property and contractual rights. This book 'Business Regulatory Framework (Business Law) has been designed for the students of Graduate, Post Graduate and Professional Courses. The subject has been presented in 'teach yourself technique' without assuming any prior knowledge to the readers. The book is coupled with legal cases and real life examples in the Indian context together with the test bank which includes more than 1000 questions like fill-ins, true and false, objective type questions, practical problems and model questions at the end of each chapter.