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Public Law:
Whether it contain of those fields or branches of law where such the state has an interest as the sovereign egg criminal law, administrative law, constitutional law,.
Public law is concerned through the constitution and functions of the various organs of government counting local authorities, their relations with each other and through the citizens. So public law asserts state sovereignty or power.
Private law:
Further it consists of those fields or branches of law that the state has no direct interest like the sovereign egg law of contracts and law of tout and law of property and law of succession.
Private law is troubled through day to day transactions of legal relationships between persons. Well it describe the rights and duties of parties.
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Determine about the Principal-agent theories Wwhich concentrate especially on the problems of asymmetric information among the parties to a contract: the impossibility to perfe
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