LAW 421/ Contemporary Business Law
The Function and Role of Law in Business and Society
Law is something that affects everyone wherever they live. If you are involved in a business, law is definitely something that will affect you in more ways than one. Lack of knowledge of the society you live in and how laws will govern you can affect you and your business in the way you operate. Law Defined and its Effect on Society
According to Wikipedia, “Commercial law, also known as business law, is the 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 private law and public law.” Not only can law have an effect on society and business, but business and society can in return have an impact on law. The influence of a business on society can affect changes to laws which govern how they operate. This influence can be through recommending changes that will help their business, or help protect them from a society that has become a “sue happy” society in order to make money in an unstable economy, in my opinion. Interesting Events
Some of the interesting law suits that I am referring to in my claim that our society is a “sew happy” society is quite intriguing. I worked for a McDonald’s restaurant in Twin Falls, Idaho in 1994. One lawsuit that occurred with a McDonald’s in New Mexico over spilt coffee is one of the lawsuits I am referring to. From what I recall of this lawsuit as told by my employer, the customer in New Mexico came through the drive thru and ordered a cup of coffee as part of their order. As they departed out of the drive thru, the coffee spilt on the customer’s lap, causing third degree burns. I don’t know how much the medical bills of the customer were, but McDonald’s...