Role and Functions of Law Laws provide rules of conduct and ethical standards that people, businesses, and organizations must follow in order to keep matters and differences under control and regulate social behavior. There are several functions and roles of laws in business and society which plays an important stand in business operations. Without laws and standards, businesses in today's society will be unsuccessful and society itself will fail to progress efficiently.
Functions and Roles of Law in Business and Society There are several primary functions and roles of law in business and society which coincide with four levels of American law. According to the text, "Modern law in the United States regulating businesses and individuals is generally a combination of constitutional law, statutory law, common law, and administrative (regulatory) law at the federal, state, and local levels," (Melvin, 2011, p. 44). Constitutional law consist of two major functions. The fist is to impose essential structures of specific body of government, and the second is protecting a number of individuals rights from authorities, and property taken by the government. Statutory law is a written regulation generated by a state or federal ruling which can be supported or condemned by the executive branch. The function of common law has no comprehensive compilation of legal statutes and relies on legislative decisions made in similar cases. The functions of administrative law consist of rules and regulations created by previous parties. Administrative law undertakes superiority of how communities and federal agencies are standardized. The U.S. Consumer Product Safety Commission and the Federal Trade Commission are two examples of the many government agencies that control business laws.
Functions and Roles of Law in Current or Past Profession Logistics contractors for the