Role and Functions of Law LAW/421 October 13‚ 2012 Professor A. Filidoro‚ Jr. Role and Functions in Law What is law? Law is a system of guidelines and rules that have been set in place to maintain order and conduct. In order to be successful in society or a business the Law plays a significant role in regulating behavior whether in school‚ home or work. This paper will discuss the functions and role of law in society as well as business‚ along with the functions and role
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Role and Functions of Law The law is a delicate yet malleable set of rules and principles that are formed to suite the needs of those deciding its purpose. The role of law for business and society is to provide set rules and procedures that fall within general functions which reflect the position of the people. In various types of governments the law is adjusted to suite the needs of the dictator‚ its citizens or its elected body as seen fit. In a republic‚ such as the United States of America
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The Role and Function of Law James Williams Law/421 January 7‚ 2012 Gail B. Jabber Role and Functions of Law According to Melvin (2011)‚ “A generally accepted generic definition of the law is a body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force” (p. 4). The scope of modern law is broad with tentacles that reach into every area of public and private dealings. Essentially law furnishes a process by which the rulings and directives to
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Functions and Role of Law in Business and Society LAW/421 10 February 2014 Functions and Role of Law in Business and Society In his address on May 30‚ 1924 at Arlington National Cemetery‚ President Calvin Coolidge (2014) stated that “When each citizen submits himself to the authority of law he does not thereby decrease his independence or freedom‚ but rather increases it. By recognizing that he is a part of a larger body which is banded together for a common purpose‚ he becomes
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Role and Functions of Law February 25‚ 2014 LAW/421 The role and functions of law has a significant part in the operations of business and society. Its design ensures order‚ provides resolutions to conflicts‚ gives not only individuals‚ but also their assets a safe haven‚ maintains the structure of society‚ and protects municipal liberties. In order to create a safer life from those who are unjust. Furthermore‚ these laws create “duties‚ obligations‚ and rights that reflect
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Role and Functions of Law Keith De Luca LAW/421 April 1‚ 2013 Jacques Ward Role and Functions of Law Melvin (2011) stated‚ “Accepted generic definition of the law is a body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force” (p.4). Law in our society gives the people duties‚ obligations‚ and rights to live by. Without these laws that where put into our constitution the wealthy‚ the powerful‚ and those with the most influence would win all arguments
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The Roles and Functions of Law There are many different functions and roles of law in the business society. The business law is a common set of rules which presides over businesses. These rules ensure the social functions in peacekeeping‚ checking government power and promoting personal freedom‚ facilitating planning and realization of reasonable expectations‚ promoting social justice‚ and protecting the environment. Peacekeeping may be one of the most important roles of law in the business society
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Role and Functions of Law Laws are the principles and regulations established‚ whether in the form of legislation or policies recognized and enforced by judicial decision ("Dictionary.com"‚ 2014). In general‚ laws serve some main functions such as: provide safety for individuals and their assets‚ resolve conflicts‚ and protect civil liberties. In our society and business there are laws that have been created as a body of rules that we must follow. It regulates a lot of what we think and do‚ though
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Functions and Role of Law in Business and Society LAW/421 April 3‚ 2013 Richard Geisler The Importance of Law Law such a small word with so much meaning. It’s the body of rules of action or conduct prescribed by controlling authority‚ and having legal binding force (Melvin‚ S.P.‚ 2011). This word in business and society helps promote and maintain order. Without having any laws‚ rules or regulations people would feel free to do what they want without any repercussions‚ punishment
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Laws play a powerful role in the prosperous operation of business and society by regulating social conduct that leads to a society that can run freely yet efficiently. Working on the accounting for a medium sized manufacturing company requires a great deal of knowledge of the functions and roles of law in the industry when issues of ethics‚ taxes‚ and disputes come into play. The more knowledgeable the accountant‚ the better prepared they will be when difficult legal situations are at hand. Laws
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