Addressing International Legal and Ethical Issues Simulation Summary

In: Business and Management

Submitted By mr745
Words 915
Pages 4
Role and Function of Law
Donald Wyman
Law/421
Titus Nichols
9/30/2013

Introduction
The law plays a big part in society and business. It has come from normal morality and society cannot cope without it. Law most often is aligned with customs and that which society has deemed to be right or wrong. In The result would be that no business would actually be achieved properly without laws.
Function and Role of Law in Business Business Law considers of a body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales. It is often considered to be a branch of civil law and deals with issues of both public laws and private laws. Public laws are those derived from some government entity. Private laws are recognized as binding between two parties even though no specific statute or regulation provides for the rights of the parties. Most companies use legal advice when making important business decisions to avoid potential legal companies generate more sales through the use of contracts or agreements with other companies. These agreements may be needed to ensure that proper pricing and customer service is maintained during the business relationship. Changes to previous agreements or contracts may also need to be reviewed by the company’s legal counsel to ensure it meets current contract law. One of the main roles in business law is to maintain peace, personal freedom and social justice. A Law function maintains social control and protects public order by resolving disputes in a peaceful manner. Laws also facilitate orderly change by spelling out acceptable processes for instituting change. Constitutional laws outline what governments can and cannot do. Like many would know that businesses care so many laws that plays many different roles such as the constitution law. A…...

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