Role and Functions of Law
LAW/421 University of Phoenix
Role and Functions of Law
Every civilization that has existed has implemented rules that govern how that civilization should live and act, these rules and practices are what we call laws. The definition of law according to Merriam-Webster (2012), 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. Within this civilization there are groups of people that live and form communities these are what are called a society, they abide by the laws of the land. When a civilization matures its society and its laws also mature, this carries over to every aspect of that society, how it does business, how businesses do business and how both society and business contribute to each other. The laws that govern society designed to give society and business an even playing field in their interaction.
In the United States our laws have been designed to cover our society and our businesses. Our four fathers incorporated the constitution which is a considered a map or a direction which has led to the design of the laws that are currently in place. While there are many sources of American law, the common characteristic of the current state of law is that it creates duties, obligations, and rights that reflect accepted views of a given society (Melvin, Chapter 1, 2011). The functions and the role of law in a society are to regulate social behavior, rules of conduct, ethical standards, and a means of settling disputes. There are other functions of law that are beneficial to society, keeping government power to a limit, promoting social justice and personal freedom. In a society laws are created and enforced by our government, the types of law that affect us as a society are Civil law which are designed to compensate parties (including businesses) for losses as a result of
References: Law. (2012). In Merriam-Webster. Retrieved from http://www.merriam-webster.com Melvin, S. P. (2011). The Legal Environment of Business: A Managerial Approach: Theory to Practice, 1e. Retrieved from The University of Phoenix eBook Collection database