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Functions and Roles of Law

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Functions and Roles of Law
Christopher Cruz
LAW 421
Luke Martin
July 9, 2014
FUNCTIONS AND ROLES OF LAW Before a person can begin to dissect the intricacy that is “law”, one must fully understand the basic foundation that makes up “law”. Law, According to Melvin (2011), is a “body of rules of action or conduct prescribed by controlling authority, and having legal binding force” (p.1). For the average individual, hearing the word law may depict an astounding amount of words that no one has ever heard of or illustrate and image of an individual dressed in a business suit that stands in front of judges and pleads cases. Yes, this is part of Law; however, there are many layers that help shape the definition that we have all come to “understand”. When discussing the importance of Law in businesses, it is crucial to understand that Law is brought to the forefront so that businesses are held to a standard that ensures the business is creating and executing both fairly and legally. Whether a business is forming a new Board of Directors or selling a stick of gum, businesses are bound by laws set in stone to ensure that the execution of each task is accounted for and implemented, legally. Additionally, it is important to mention, that having an understanding for basic levels of Law allows business to grasp the complex effects that may arise.
For example, when my mother decided it was a smart decision to invest into a Health Care Facility, she quickly found herself needing the assistance of a skilled Corporate Lawyer, who understood the complexities that comes with corporate contracts and legal advice. The Board Members always had a lawyer or paralegal to record every business meeting, to ensure that a third party individual was going to be there to witness what was being discussed and agreed upon. The Lawyer, also assisted the Board Members of this new business

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