Business Law
Individual Role and Functions of Law Paper | Resource: Case Brief Cipollone v. Liggett Group, Inc., et al. in Ch. 2, section 2-6, “Commerce Powers,” of the textWrite a 700- to 1,050-word paper in which you define the functions and role of law in business and society. Discuss the functions and role of law in your past or present job or industry. Properly cite at least two references from your reading.
Format your paper consistent with APA guidelines. |
Role and Function of Law
Laws are as ancient as civilization. They are necessary for the common good and for the welfare of society. Black’s Law Dictionary, as quoted by Melvin (2012), defines law as a “body of rules of action or conduct prescribed by controlling authority, and having legal binding force”. In other words, laws are rules of behavior that are legally binding and are enforced by controlling authority. Laws affect every aspect of our lives but most of the time we are not aware of them. We pay our taxes, observe the speed limit, and avoid stealing, without having a sense of being watched. Honesty and truthfulness are natural for most people. However, laws protect the rights of individuals and business entities and allow for compensation when injury has been inflicted.
In the United States, the legislature, made up of the Senate and the House of Representatives, makes laws. The President has the power to veto a bill before it is passed into law. The Supreme Court reviews laws and can invalidate laws that are inconsistent with the Constitution (Melvin, 2012). American law uses the concept of the doctrine of stare decisis (Latin “to stand by that which is decided”). Cases that have the same facts and issues have outcomes similar to cases that have previously been decided. When parties are found guilty of breaking the law, the courts order compensation in the form of money. They also have the authority to impose a particular order, for example, requiring a company to put a warning on
Format your paper consistent with APA guidelines. |
Role and Function of Law
Laws are as ancient as civilization. They are necessary for the common good and for the welfare of society. Black’s Law Dictionary, as quoted by Melvin (2012), defines law as a “body of rules of action or conduct prescribed by controlling authority, and having legal binding force”. In other words, laws are rules of behavior that are legally binding and are enforced by controlling authority. Laws affect every aspect of our lives but most of the time we are not aware of them. We pay our taxes, observe the speed limit, and avoid stealing, without having a sense of being watched. Honesty and truthfulness are natural for most people. However, laws protect the rights of individuals and business entities and allow for compensation when injury has been inflicted.
In the United States, the legislature, made up of the Senate and the House of Representatives, makes laws. The President has the power to veto a bill before it is passed into law. The Supreme Court reviews laws and can invalidate laws that are inconsistent with the Constitution (Melvin, 2012). American law uses the concept of the doctrine of stare decisis (Latin “to stand by that which is decided”). Cases that have the same facts and issues have outcomes similar to cases that have previously been decided. When parties are found guilty of breaking the law, the courts order compensation in the form of money. They also have the authority to impose a particular order, for example, requiring a company to put a warning on