Roles and Functions of Law in Business and Society Essay

Laws are regulations that have been altered and changed for many years. Whether the changes relate to medical, environmental, or technological. These fields are continuously growing and laws that regulate these fields must change with them. Our government have established federal and state agencies to keep up with the everyday changes in our society. In order to regulate specific standards.

Law is a system of rules that are enforced through social institutions to govern behavior. (Robertson, Crimes against humanity, 90).Laws can be made by a collective legislature or by a single legislator, resulting in statutes, by the executive through decrees and regulations, or by judges through binding precedent, normally in common jurisdictions.

laws, because many laws confer rights and protection acts to the law-abider. To act in the best interest

What is the rule of law and what does it do for us? The rule of law is everyone has to follow the laws. Lloyd Duhaime says “ all are equal in eyes of the law.The rule of law protects us from each other.”Gray, Ritter says“Laws that protect us from discrimination because of our race, gender, age, and because of a disability.” No one has to obey the government but they do have to obey that law. West’s Encyclopedia of American Law says“No individual can be ordered by the government to pay civil damage. The rule of law means that everyone must follow the law, no matter who they are.

The Rule of Law, as expressed through Canadian criminal law is important as our laws embody the basic moral values of society. The primary aims of criminal law are to protect the public and preserve peace (Barnhorst & Barnhorst, 2013). Law also imposes limits on our actions and guides our choices in conduct. The conditions of the Rule of Law ensure that no individual, government or parliament is treated as above the law, and that everyone must obey the law or they must suffer the consequences.

I believe that corporate law is beneficial and affects society in a positive way. Corporate law encourages the transition from companies to corporations, which in turn stimulates the economy. When the economy is going strong and well, society as a whole is doing better. There are more people with jobs which give more people the ability to buy more items. That has the potential to raise the overall mood of the public and in turn makes society better.

The present law is the result of a long development of legal philosophies. Regulations standardize relationships between people and gatherings. The laws of our realm are found in constitutional provisions and legal representations as well as in centuries of declarations by the court of law at all levels.

John Salmond defines law as being ‘the body of principles recognized and applied by the state in the administration of justice’. Law can also be described as a formal mechanism of social control. It is formal because the rules set down in the law can be enforced through the courts and legal system, while in a broad sense all laws could be said to be involved in some area of social control.

Law may facilitate international commerce in different ways. The law protects rights and The rule of law provides opportunity to file a complaint against another party to a neutral decision maker. This procedure is established in each national set of norms. Almost each country has special set of rules for commercial issues and transactions. This distinction helps to meet business needs and allow flexibility in contractual terms. With the help of law, employers and employees know their obligations and rights. The laws set up standards with regards to the product quality and services provided, and these standards are getting higher annually. The rule of law also protects the property, including intellectual property. Legislation of each country provides set of rules how the trademarks, patents, copyrights, etc. to be reserved. Also legislation covers financial matters, for instance relation of debtors and creditors under bankruptcy law. As we can from the examples mentioned above, the norms of law establish standards and regulations for all parties. Without rules of law, conducting business would become chaotic, as the parties do not know what to expect from the other parties.

The rule of law simply states that the law should be the overarching guideline. The rule of law provides a framework that both citizens and government officials should follow. John Locke stated that the rule of law provided protection from “every other member of society, as indeed they are from him.” The rule of law allows for the right to life, liberty, and property so long as harm is not taken to other citizens. In addition, the rule of law protects individuals from the state and ensures that government is

Law can be defined as the rules of conduct develop over a period of time that regulated interactions that people have with each other and which set standard of conduct between individual and the government. In general, law is the set of rules that is recognized. Sir John Salmond in his book, Jurisprudence, he has defined law as the body of principles recognized and applied by the state to administer justice.

Rules and Laws have played a very crucial role throughout human history. More importantly the rules were made and laws implemented by those individuals that wielded power over the masses. These individuals would use their power to put in place laws that benefited them and those they favored. In almost all these cases the poor and the weak were taken advantage of and used by the powerful. This unfortunately is an ongoing problem even in today 's world, and presents the importance of the concept of Rule of Law. Rule of Law is a legally binding principle put in place to govern a nation. Rule of Law can be defined in short as a doctrine that no single individual, however powerful they maybe, should be considered above the law. In principle

In conclusion, a few of the most important functions and roles of laws are to peaceably settle disputes, check government power, serve the economy and society, and protect the environment. Law plays a basic and important role in keeping the peace through civil and criminal laws. In this paper I have mentioned the major roles and functions of law will be discussed including constitutions, statues and common law, law classifications, and finally the different types of courts. To gain this complete knowledge of law the roles and functions of law in business and society must be understood and defined.

The laws present within today’s legal system have many different influences and effects on the business industry. The effects that laws have on businesses varies dependant on the industry and the business itself.

The law is a body of principles established by parliament (ie. by our representatives) and by the courts. Hence, law is made by us (the men and women who are in parliament and judges) for us and was developed to set standards of conduct between people, businesses and government. If these standards of conduct are not followed, the law sorts the conflicts that arise, and punishes those who breach these standards of conduct. We have laws so that society can work effectively, to make sure that people or organisations are not able to use power, money or strength to take advantage and exploit others or for creating better things for themselves. Laws help people or group of people to make sure that they understands their rights and obligations, and the rights and obligations of others