This document discusses the legal environment of business in India. It defines the legal environment as the set of laws and regulations that influence business organizations and their operations. The key sources of law are customs, judicial precedents, and legislations. Some of the major acts influencing the Indian legal environment include the Indian Contract Act, Sale of Goods Act, Indian Partnership Act, Companies Act, and laws protecting consumers. The document also discusses intellectual property laws and provides a case study analyzing a ruling under the Consumer Protection Act.