Roles and functions of law in business and society essay
Some have a combination of all three. This work will discuss the role of law in the past or present job or industry of the writer.
What is business law
As roger Thomas said there should be a set of rules for each individual to prohibit him from doing things which are not right, therefore there is a parliament and other different bodies which sets the rules for the environment In an effort protect individuals from unfair treatment in regards to employment, certain statutes are formed and created Federal laws protecting employees. Some activities, for instance, are crimes because society through a legislative body has determined that it will not tolerate certain behaviors that injure or damage persons or their property. If you need help with the purposes and functions of business law, you can post your legal need on UpCounsel's marketplace. Role And Functions Of Law Essay - Role and Functions of Law On a day to day basis, the local, state and federal law play an important role in the effective process of business and society" Bushman, Employment law governs how employers interact with their employees and the rights and responsibilities of each, minimum wage law, workplace safety, and overtime rules. Law plays an important indirect role in regard to social change by shaping a direct impact on society. Laws help the public as well as keep many parts in community. Purposes and Functions of Law Establishing standards identifies what types of behavior are and are not accepted in society. Some have a combination of all three. A law is defined as rules of conduct and can be carried out by intimidation or penalty if they are broken.
Tax law determines how different types of businesses are taxed. An Example is if someone got into a car crash and gets injured they would sue the other party for monetary compensation Melvin,pg. Laws help the public as well as keep many parts in community.
Functions of Commercial Law Commercial lawa branch of civil law, comprises governance of commercial and business transactions in both the public and private realms. Without laws in place everyday life would not be the same, society as a whole would ratify their perception of their actions on personal bias beliefs of what is right and wrong, which would not work.
Areas of commercial law include land and sea transportation, agent and principal, merchant shipping, insurance, partnership, guarantees, corporate contracts, sale and manufacture of consumer goods, hiring practices, and bills of exchange.
In various types of governments the law is adjusted to suite the needs of the dictator, its citizens or its elected body as seen fit.
Purpose and function of law
Procedural law Procedural law is a term used to describe a set of rules governing how all aspects of a court case are conducted, including the event that occurs before, during, and after the trial. The common characteristic of the current state of law is that it creates duties, obligations, and rights that reflect accepted views of a given society Melvin, Disputes can also be resolved through alternative dispute resolution, which are official but less formal methods such as mediation and arbitration. Retrieved on April 30, Melvin, S. In Conclusion, the functions of the law are mainly responsible for the framework on how society conducts itself ethically day to day. As roger Thomas said there should be a set of rules for each individual to prohibit him from doing things which are not right, therefore there is a parliament and other different bodies which sets the rules for the environment The law sets rules and expectations.
The law is an important platform. These three classifications of law can affect both business and society, through not only the guidelines defining what is and is not a crime, but also through protection for both.
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