Role and Functions of Law By: Bobby Gilliam January 21, 2012 Law/421 According to The Legal Business Environment, Melvin, S. P. (2011), "The term law has been defined in a variety of ways throughout recorded history. A generally accepted generic definition of the law is a body of rules of action or conduct prescribed by controlling authority, and having legal binding force." Law serves many purposes and functions including protecting the rights of all individuals within
Words: 743 - Pages: 3
Role and Functions of Law Christopher M. Thomas University of Phoenix BUS/421 Instructor: Corey Frost August 1, 2012 Role and Functions of Law Today’s paper will be discussing the role and functions of law in business and society. The author of today’s paper works in the regulatory and compliance department for a large pharmaceutical organization known as Roxane Labs. The author will share specific examples of how law affects his every day professional life, both, positively and negatively
Words: 903 - Pages: 4
Role and Functions of Law LAW/421 Contemporary Business Law Role and Functions of Law In society law functions to maintain social control and to protect the public at large by resolving disputes in a peaceful and reasonable manner. Laws are made to facilitate organized change by creating acceptable processes that can facilitate and lead to change. The Constitution outlines the power of the federal government which only has limited powers; to regulate individuals and businesses; and states are
Words: 868 - Pages: 4
Role and Function of Law Student Name Law/421 Date George Williams Role and Function of Law Law is an essential part of business and society. The definition of law is, “Any system of regulations to govern the conduct of the people of a community, society or nation, in response to the need for regularity, consistency and justice based upon collective human experience” (ALM, 2013, P. 1). There are four common types of law constitutional law, statutory law, common law, and administrative law
Words: 1177 - Pages: 5
Individual Assignment Law 421 Week 1 Individual Assignment Law plays a vital role in the success and functionality of businesses and society. The word law is defined as “the binding rules of conduct meant to enforce justice and prescribe duty or obligation, and derived largely from custom or formal enactment by a ruler or legislature” (“Law”, n.d.). Laws are put in place to help regulate and to provide a certain set of structure. The central function and role of the law in business and society
Words: 997 - Pages: 4
The Functions and Role of Law in Business and Society Law/421 Functions and Role of Law in Business and Society On a normal weekday, you wake up, prepare breakfast, take your kids to school and then you join the traffic jam and head to work. It may seem like a typical day, but there were many laws that influenced and allowed these actions. Regulations were followed by the utility companies to service your home. The school adhered to educational regulations for your child to
Words: 873 - Pages: 4
Role and Functions of Law LAW/421 July 7, 2014 Michael Green Law is a large part of our daily lives. In our business lives and in our personal lives, understanding the function and the roles law plays are vital. Laws are everywhere, at our place of business, when the operation of a vehicle is taking place, and many other activities or places individuals decide to partake in on a daily basis. Usually without knowing it, many decisions that are made by us are influenced by some portion
Words: 1258 - Pages: 6
Role and Functions of Law STUDENT NAME LAW/421 DATE TEACHER NAME Laws pay a critical role in society and the real business world. The purpose of the law and the manner of application relies on issues such as intrastate and interstate and whether the local laws under the federal laws need to be applied. The business world applications of the law vary, and the power also may vary. For instance in Cipollone v. Liggett Group, Inc. case commerce power reveal ways in which state laws are
Words: 921 - Pages: 4
Role and Function of Law LAW/421 In society as well as business, laws act as a set of rules that individuals must follow for the business or society to run effectively. Although all laws are used to govern behavior, they vary greatly on the types of behaviors that they govern. For instance, our Constitution is the supreme law of the United States and is responsible for governing the fundamental principles of our government, but it has limited powers which can regulate individuals and businesses
Words: 739 - Pages: 3
Define the functions and role of law in business and society. Discuss the functions and role of law in your past or present job or industry. Bryan Richardson September 29, 2013 LAW 421 Without laws neither business nor society would function civilly. The only way a society and businesses can coexist is through the laws that we the people created. If you could remove the laws that govern criminal activity from murder to dealing drugs, I really don’t have to say what the outcome would be; in
Words: 1025 - Pages: 5
