April 24, 2013
Role and Functions of Law Paper
According to Merriam Webster Online, law is “a binding custom or practice of a community; a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority,” The role and function of law is to maintain peace, personal freedom and social justice. What is Law?
The meaning of Law functions is to maintain social control as well as to protect the public in resolving disputes in a peaceful manner. Laws are also facilitating an orderly change by spelling out acceptable processes for instituting change. Constitutional laws outline what governments can and cannot do. Law has been defined in so many ways. A body of rules of action or conduct prescribed by controlling authority, and having legal binding force (Melvin, p. 4, 2011) is one of the most generally accepted definitions Essentially law provides a way of resolving disputes and dealing with individual who break the rules and regulations set forth from our government. Role of Law in Business
Since the body of American law is so diverse, business law is broken down into three categories: •Criminal and Civil Law – These laws are of criminal or civil nature. Criminal law is for the protection of society of an individual breaking the law. Most violators are subject to fines and possibly imprisonment. Civil law are designed for individuals to be compensated for losses as a result of another’s actions. •Substantive and Procedural law – Substantive law provides individuals with social rights and duties while procedural law gives structure for pursuing substantive rights. •Public and Private Law – Public law is the defining framework between an individual wand the government. Private law is where an individual contracts with each other where no specific statues or regulations are involved. These categories of law are very important to...