It is important to read the NOTE before choosing to answer this questions. Thank you!

1. Explain the importance of Law for the development of business environment in a local and global level.

2. Define primary and secondary sources of Law. Give one example of a secondary source of Law and elaborate about how it can influence a primary source

3. Explain the Incoterms and give one example of an international agreement, explaining its importance for business.

4. Elaborate about how organization like UNCITRAL or UNIDROIT can have a positive effect for the International business environment ?

NOTE : Academic references and in-text Citation for definitions. Citation and References should be in Havard style. Please question need to be well understand and answers need to be well explained in more than 800 words.

PLEASE DO NOT WORK ON THIS QUESTIONS, IF YOU ARE NOT GOING TO CITE AND REFERENCE YOUR SOURCES.