Role and Functions of Law

“Rules were made to be broken.” A phrase commonly uttered by the youth of America. Commonly uttered, and unfortunately wrong. Rules, or laws, were put in place to regulate everyday life so that people and organizations all operate in similar manners to keep peace and show respect for those around us. Laws were made to be followed, thus building a community in which everyone can coexist happily.
The role of the law is to act as guidelines for how people are supposed to behave in a society. They are similar to lines in a coloring book. When followed a perfect picture is formed, but it is up to the individual to stay in those lines. They regulate the common events such as driving to work and larger events like the marriage of two individuals. Laws have just as big of a role in the business world as they do in society. Laws instruct each business of how they must act in certain situations, thus giving each business a fair chance at surviving in our economy. They monitor fair payment to employees, proper reporting of earnings, and hold businesses accountable for mistakes. Without laws both society and business would become whirlwinds of chaos.
The law also has many different functions, in both society and business. One main function is resolve disputes between two opposing parties. One of the main methods of solving disputes is litigation. While litigation is commonly thought of as a trial, it has many stages that come before the actual trial. The multiple stages of litigation are: Pre-lawsuit, Pleadings, Motions, Discovery, Pretrial and Trial stages (Melvin, 2011).
The regulation and enforcement of contracts is one of the many important functions it performs. The text poses a definition of a contract as a “promise or set of promises enforceable by law (Melvin, 2011).” There are many types of contracts produced daily,