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Functions of Law

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Functions of Law
LAW-421 Contemporary Business Law
Tad Davis
Louis Malinchak
February 27, 2014

The functions and role of law in business and society is to keep corporations from exerting power over the citizens as well as implementing a balance between the use of infrastructure such as highways, railroads etc.
Examples of this are laws imposed by entities such as the FDA, FCC, DOT, NTSB, and USDA keep businesses from directly or indirectly causing harm to consumers as a collective or individually. By imposing regulations on product testing before it is made available for the general public, the FDA and USDA serve to ensure that society is only furnished with quality products that by law must be safe for use and does what it expressly claims to do. The FCC maintains the integrity of media and ensures proper censorship by enforcing utilization of the rating systems in place for all media aspects such as motion pictures, television shows, web series, XM radio, AM and FM radio, and video games. The DOT, FAA, and NTSB provide the important service of regulating the use of roads, waterways, and airways, by setting up laws holding corporations accountable for safely operating machinery, securing loads, and navigating rivers and bays without posing a threat to the wellbeing of the general populace in their daily lives. There are also laws that regulate interactions between businesses such as laws against monopolies, patent laws, trademarks, and copyright laws. These serve as guidelines to help curb bad business practices that would damage or defame other business entities.
As a former regional airline pilot, the business of my profession was regulated primarily by the FAA as well as the NTSB. Flight Crews were and still are constantly “line-checked” by these individuals to ensure operational safety and adherence to the Federal Aviation

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