Role And Function Of Law Essay
Role and Function of Law
Law/421
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. Each of these four types plays a different role in the regulation of business and society. In addition to the types there are also three common categories of law criminal and civil, substantive ...view middle of the document...
Administrative law authorizes the authority of the executive branch and government agencies, for example; laws created by the Food and Drug Administration.
Categories of Law
Along with the four types of law there are also three common categories of law. Each of these categories relate differently to society and businesses. Categories of law in many cases overlap and are not mutually exclusive. Laws are either criminal or civil. Criminal law deals with crime and the punishment for committing criminal infractions, and civil law deals with disputes between people and organizations to determine compensation for a perceived wrong. Procedural law is a set of rules guiding the proceedings of the court. These rules ensure due process. Substantive law is the legal relationship between people or between people and the state. To compare procedural and substantive law, procedural law is the rules and substantive law is the duties of the people. Public laws are between the people and the reigning government. Public laws are between the people. Types and categories of law are important in both society and business.
Function and Roles of Law in Business
Every business faces areas where the law must be met and complied with. In 2002, the world of inventory control changed. The Sarbanes-Oxley Act became law after several mismanagement and accounting scandals. "Sarbanes-Oxley (SOX) was passed to combat corruption at big public companies like Enron, WorldCom, Tyco, Adelphia, Global TelLink, HealthSouth, and Arthur Andersen. But small and not-for-profit companies are finding they have no choice but to adopt many of the same standards if they want to get insurance, attract investors and donors, and repel lawsuits. SOX compliance is becoming a portfolio building block that no company can ignore" (John Willey and Sons INC., 2013). SOX creates accountability for businesses. Inventory within the company must be audited within SOX compliance. The law plays a large role in the life of an inventory control manager. Every decision made requiring the removal, placement, or replacement of inventory must comply with SOX regulations. Managers and supervisors obtain SOX training to ensure compliance. Not all positions require intimate knowledge of regulations, but each position in every company does have their own legal regulations.
Cipollone v. Liggett Group, Inc.
Businesses must work with their legal teams to decide the best course of action in every move they make. In the case of Cipollone v. Liggett Group, Inc. the company was sued for failure to disclose the dangers of cigarettes in advertising. Cipollone lost the case in the United States Supreme Court. The Supreme Court ruled...
Other Papers Like Role and Function of Law
The Role and Function of Law
763 words - 4 pages The Role and Function of Law Law plays of significant role in the operation of a successful business and society. One of the characteristics of law is that is "creates duties, obligations, and rights that reflect accepted views of a given society" (Melvin, 2011, pg. 4). Law also helps businesses resolve disputes that have to do with the rights of the business and citizens (Melvin, 2011, pg. 4). Obtaining an understanding of the legal system
Roles and Function of Law Essay
737 words - 3 pages accepted views of a given society (Melvin, 2011). The law provides a format to resolve disputes that arise from the duties and rights and allows parties to enforce promises in a court of law. Laws serve many roles and functions in business, society and local government. Roles and Function of Law in Business Business laws establish guidelines for what companies can and cannot do, as well as certain things they must do. Law is a broad discipline
Roles And Function Of The Law
727 words - 3 pages authorized the use of authority by agencies of the executive branch and other government agencies. As far as the Commerce Clause is concerned it plays a major role in how states regulate trade with themselves and foreign nations. The Commerce Clause essentially gives Congress the power to regulate commerce. This plays a huge role within the function of law for both society and business. This causes people who are traveling across states lines
Role and Function
947 words - 4 pages Role and Function of Law Thomas Vera LAW/421 18 May 2015 Rachel De Angelo Role and Function of Law Top of Form Top of Form Bottom of Form Bottom of Form Law is defined as: "rules of conduct of any organized society, however simple or small, that are enforced by threat of punishment if they are violated. Modern law has a wide sweep and regulates many branches of conduct." Essentially law is the rules and
Role And Functions Of Law
1097 words - 5 pages Role and Functions of Law Debbie Smith LAW/421 May 21, 2013 Tiffany Brady Role and Functions of Law Law is an important element to any civilized society. Without law the parameters of civilization would remain undefined. Law applies to everything in today's society from personal life, to employment, and finally the government. The best way to describe law is a "body of rules of action or conduct prescribed by controlling authority, and
820 words - 4 pages Role and Functions of Law Snell, Randy LAW/421 February 17, 2015 Donnie McGilbra Role and Functions of Law Laws play an important role in both the business world and society. Without a complete system of laws, society would not function efficiently and commerce would likely fail. In order to have a successful operation of both business and society, it is crucial to have laws in place to govern the actions of people and businesses. If
438 words - 2 pages Role and Functions of Law LAW / 421 July 18, 2012 Role and Functions of Law Law has a vital and important role in our society. Law is somehow rules created and applied by the government system for peace and order in the society. Law is intended to be interpreted and applied as correctly it was intended to, reasonable and just. Every law has its purpose, and there are many laws for every situation. This also applies to business
1213 words - 5 pages Role and Functions of Law Name LAW 421 October 10, 2012 David C. Cory, J.D. Role and Functions of Law The paper will discuss the most important function and role in law in the health care field, and the important aspects related to health care. Along with how the laws, and functions affects today's patients and the physicians. Laws are established by the government to create a improve society and business relations. Laws also are put
Role And Functions Of Law - 828 words
828 words - 4 pages Role and Functions of Law Paper Definition of Law According to S.P. Melvin (2011) law is defined "A generally accepted generic definition of the law is a body of rules of action or conduct prescribedby controlling authority, and having legal binding force." So laws are there to help the group as whole decide what acceptable behavior is, give punishments when needed and help settle disputes to help create a function and productive society. We
691 words - 3 pages Role and Functions of Law From the reading we will discuss the Supreme Court's outcome of the Cipollone v. Liggett Group, Inc. We will discuss the preemptive power of congress in upholding the laws set by congress in conflict from the State Law. We will also cover the rulings influence on other states and people's rights. The examination of congresses decision around preempting state law shows the government has supreme rule and imposed it to
The Role of Marking Function
964 words - 4 pages The roles of Marketing function, Product/Service development functions and Operations function in Kellogg's Company. With annual sales of more than £4.5 billion, Kellogg's is the world's leading producer of cereal products and convenience foods, such as cookies, crackers and frozen waffles. Its brands include Corn Flakes, Nutri-Grain and Rice Krispies. Kellogg's is a global organisation. Its products are manufactured in 19 countries worldwide
809 words - 4 pages Role and Functions of Law LAW/421 April 30, 2012 Role and Functions of Law As individuals we each follow laws that have been set forth by the government. Seldom one knows the function and role of the law in everyday life and business. Law is defined as "a body of rules of action or conduct prescribed by controlling authority, and having legal binding force" (Melvin, 2011). Within society the law is set in place to help keep order within
802 words - 4 pages Role and Function of Law Law/421 September 2013 Instructor Name (A PAPER) The Roles and Functions of Law There are different functions and roles of law in the modern business society in the justice system. The business law is a specific set of rules regarding oversees businesses and can take measures to correct injustices. These rules of law provide the social functions in peacekeeping, balancing government power, providing
893 words - 4 pages regulations, known as laws. Laws are bills that are made by Congress, the legislative branch of government. From Congress, the bills are sent to the president, who determines whether to approve or veto the law. If the executive branch approves the law, it is sent to the judicial branch, where it is deemed constitutional and enforced. There are different types of laws; constitutional, statutory, administrative and common law. Constitutional laws
844 words - 4 pages The Role and Functions of Law LAW/421 6/14/2015 Dr. William Anderson . My student smiled nervously over her order pad as she waited for my table to finish ordering. She was a nice young girl whom I had been teaching for a few months through a university that provided student visas to people who were pursuing studies in English-as-a-second-language. Part of the requirement, however, was that students only work for the
Financial Essay
The Road Less Traveled on Essay
Operant Conditioning Essay
Market Structure Essay
Academic Success Essay
Ethic Business Paper
Notes on Business Law Essay