StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Role and Functions of Law Paper - Essay Example

Cite this document
Summary
Role and functions of law paper Institution Date Role and functions of business law In business, law is imperative in the daily running of the venture. Business firms interact in various ways such as transactions, contracts, mergers, acquisitions, leasing and many others that require full implementation of the law…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.4% of users find it useful
Role and Functions of Law Paper
Read Text Preview

Extract of sample "Role and Functions of Law Paper"

Download file to see previous pages

This paper outlines the roles and functions of law in the well-being of a venture in the corporate sector. It also outlines the necessity of business law professionals in a global perspective. In many occasions, law takes a significant role in regulating social behavior and supplying ethical standards in the society. This is evident from the rules of conduct, measures to enforce the rules and an effective channel of settling disputes. In the current society, laws play a vital role in peace keeping, promoting the freedom of business persons and checking power of the government.

The laws are bound together by constitutions, statutes and treaties. In this case, constitutions establish the fundamental principles of government in regulating the commercial activities of a given venture. At the same time, the statutes and common law involve elected representatives of the legislative branch of the state in implementing the rules at hand. On the other hand, the treaties and executive laws are laws enacted between states and countries or president and governors. Such laws regulate the economic and political well-being of a given state in running its commercial activities.

That is why they are classified in different categories in regard to their necessities in commercial activities in the society. . These rules benefit the society in various ways and must be uphold in governing a business venture. It entails maintaining order and letting business partners and customers understand the ethics of the business. At the same time, criminal law assists in resolving disputes and conflict between quarrelling individuals. Over the years, the laws have been used in identifying conduct and protecting individuals and property.

This secures the wellbeing of business people and facilitates their survival probability in the market. That is why the government reinforces criminal laws that safeguard civil liberties and ensure a smooth functioning of the business (Clarkson, 2005, p, 253). Substantive law in investments is not an exceptional in regulating the rules and ethics of the business. In a free market, substantive laws are used as statutory laws that define the rights and duties of every individual in the commercial set up.

The rules confer legal and social rights to the business persons through guidelines enforced by government bodies. In most cases, it encompasses principles of right and wrong before outlining the conviction of the case. Commercial entities use substantive law in resolving issues related to the rights and freedom of citizens. The law establishes a basis for the extent of freedom of individuals to own property or run business at a given place. In return, all the members of a populous business set up are obligated to respect the business and property of commercial entities.

When carrying out substantive law, the court plays an upper hand in examining the situation and determining the conduct of the parties alleged. In either way, the court resolves the issues at hand based on the values of business surrounding the commercial

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Role and Functions of Law Paper Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Retrieved from https://studentshare.org/law/1461114-role-and-functions-of-law-paper
(Role and Functions of Law Paper Essay Example | Topics and Well Written Essays - 750 Words)
https://studentshare.org/law/1461114-role-and-functions-of-law-paper.
“Role and Functions of Law Paper Essay Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/law/1461114-role-and-functions-of-law-paper.
  • Cited: 0 times

CHECK THESE SAMPLES OF Role and Functions of Law Paper

History and function of legal services of america

hellip; This paper also identifies the functions of legal services in the United States such as helping persons who are economically and socially disadvantaged to clearly understand and protect their basic rights.... Title: Legal Services of America Name: Professor: Institution: Course: Date: Abstract This paper investigates the history of legal services in America and shows how the legal assistance system developed into a national state financed program.... This paper is in the view that inequities in the delivery of U....
5 Pages (1250 words) Research Paper

The Effectiveness of Various Organizational Functions that Involve the Controller

This paper analyzes the effectiveness of various organizational functions that involve the controller of the organization and discusses various operational issues faced by organizations.... paper suggests the appropriate means of resolving various concerns faced by the senior financial officer.... Effective organizational functions make the building blocks of an efficient organization.... The effectiveness of organizational functions depends on decision-making and on the execution of decisions....
6 Pages (1500 words) Term Paper

Role & Functions of Law

It is in this regard that this essay is written to present and define the roles and functions of law in The famed writer of Civil Law, Sanchez Roman defined law as a rule of conduct, just, obligatory, laid down by a legitimate power for common observance and benefit.... 4) Other functions of law include: peacekeeping; checking government power and promoting personal freedom; facilitating planning and the... 8) In an article written by Bushman (2007), she recognized the importance of law in the successful operation and existence of business and society....
4 Pages (1000 words) Research Paper

The Three Eras of Law Enforcement

To understand better the police and the function of the law enforcers in the society, one has to be aware This paper will discuss the three eras of law enforcement looking at different aspects of the historical context of police, which will better help with understanding of how economic, political and social forces have molded the social policing institutions.... The paper will also focus on the different transformational periods that law enforcement has undergone to be what it is today....
10 Pages (2500 words) Research Paper

The Role of the US Special Forces in Combating Terrorism

Thus, an urgent and imperative need has emerged for a dedicated Homeland Security Intelligence (HSI) in the nation to augment the existing intelligence collection system and solidify the functions of security forces.... Terrorists use violence as an effective tool in creating terror in the minds of public so as to achieve political objectives, which they are not able to attain through… Terrorist attacks usually involve heavy loss of precious human life as well as damage to property and governments of various countries spend huge amounts for defending the national security and protecting their citizens....
21 Pages (5250 words) Research Paper

Roles and Function of the Texas Legislature

he process of proposing new laws discussing them, amending them, and finally passing them into law is the traditional function of any legislative body.... This essay "Roles and Function of the Texas Legislature" deals with the functions of the Texas Legislature....
5 Pages (1250 words) Term Paper

A Model of Social Reality: a Comprehensive Understanding of the Origins and Central Elements

hellip; Searle's philosophy of social reality has had profound applications in the areas of law, economics, political institutions and social customs as it defines multiple layers of reality, including institutional and cultural realities that have their origins in the natural world....
17 Pages (4250 words) Research Paper

Fusion Centers And Feature Of Their Work

usion centers organize and coordinate the activities of different levels of law enforcement agencies by amalgamating the information collected from various sources.... Fusion centers coordinate the functions of the different department of the government in fighting terrorism.... The paper "Fusion Centers And Feature Of Their Work" describes the organizational structure and protocols of fusion centers and evaluate their role in the battles against terrorism....
4 Pages (1000 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us