...Role and Functions of Law Paper Amour Grace LAW/ 421 February 12, 2015 Kealin Culbreath Role and Functions of Law Paper Define the functions and role of law in business and society The functions and role of law in business and society is to protect people and the environment, to balance and limit conflict between the business enity and the consumers. We have different functions of protection which are to the consumers (rights and interest), business owners, environment, and commerce and trade. As a functioning business owner, it is your job to protect the consumer and also yourself. As a business owner you want to protect your assets and comply with the state and federal regulations that are set in place, so that you do not in up in a lawsuit battle like Cipollone v. Leggett Group, Inc. In the case of Cipollone v. Leggett Group, Inc., Cipollone file a complaint against The Leggett Group, Inc. due to the Cipollone family believing that the company was being fraudulent with its warning label on the tobacco container that read “Warning: The Surgeon General has determined that cigarette smoking is dangerous to your health.”, which he feels is the reason why his mother died of lung cancer. His mother and he decided that the Surgeon General’s warning was too vague and did not warn her of the lung cancer hazard that she was diagnosed with. Consumers as well as business owners need to be aware of consumers and their rights, so those issues do not become a problem that causes...
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...Role and Functions of Law Paper University of Phoenix Online Law 421 Rachel De Angelo November 6, 2014 Role and Functions of Law Paper The company that I have chosen for this assignment is my current employer, Hospira Pharmaceuticals, they are a global organization which conducts business in many different countries. In this paper, I will discuss the functions and role of law how it applies to Hospira’s ability to conduct business. I will also briefly define how law impacts businesses and society in general. Hospira Hospira is a leading provider of generic injectable drugs, infusion technologies and contract manufacturing. Hospira is an international company employing approximately sixteen thousand employees. The pharmaceutical industry is required to comply with many laws in the manufacturing and distribution of their drugs and healthcare products. From my reading chapter one of The Legal Environment of Business the author defines Law as "a body of rules of action or conduct prescribed by controlling authority, and having legal binding force (Melvin, 2011, Chapter 1)." Law helps us maintain order in society and protect our rights. The functions of laws at Hospira ensures our product quality and safety. In addition to the regulatory laws Hospira must also comply with Federal and State Labor laws for their employees. Labor laws function to prevent discrimination, harassment, dangerous work environments. To be proactive Hospira utilizes an in-house and general legal...
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...Individual Assignment: Role and Functions of Law Paper By: Johnny Rambo LAW/421 November 19, 2012 Instructor: John Arnold Laws play a major role within business’ and society in many ways and without them there would be complete chaos and many situations would take place if it were not for the laws that our state and federal agencies uphold. In this essay I will define the functions and role of law in business and society and discuss the functions and role of law in my present day job, which I military police officer for the United States Army. Laws are set so that business’ and society have to abide them to prevent chaos from happening within the business environment and local communities as well. First, laws are set in businesses so that they have rules and regulations they must follow to prevent them from taking advantage of their investors and customers as well. For example, because the market crashed due to large companies such as Enron, who lied about their financial stability, causing investors to keep dumping their hard-earned money into the owners and other stockholders of the company’s pockets. Another way law plays a large role within businesses is by preventing them from putting false advertisements out on commercials or billboards. For instance, if a company comes out with a cell phone saying that it can do a certain task and it does not that would be considered false advertisement, which could then lead to a lawsuit if pursued by the customers. This took...
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...Role and Functions of Law Paper In week one of contemporary business law, students were required to write an essay which defined the functions and roles of law in business and in society. Each student was to discuss the functions and role of law in their individual past or present job or industry while properly citing at least two references from the required reading material. Though out the course of this assignment I will attempt to do just that. There are many functions and roles of law in business and in society. “Laws regulate social behavior, which leads to a society that runs efficiently. Laws also supply ethical standards and expectations, while providing rules of conduct, measures to enforce those rules, and a means for settling disputes. Other functions of law include: peacekeeping; checking government power and promoting personal freedom; facilitating planning and the realization of reasonable expectations; promoting economic growth through free competition; promoting social justice; and protecting the environment (Mallor, Barnes, Bowers, and Langvardt).” According to Sean P. Melvin The Legal Environment of Business, Ch. 2 (2011), “The United States uses a federal system in which a national government coexists with the government of each state. An important concept underlying the federal system is that the federal government has only limited powers to regulate individuals and businesses (Sean P. Melvin, 2011).” The United States Constitution is “thought of...
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...Role and Functions of Law Paper Mary Malate LAW/421 May 14, 2012 Stuart Schwartz In case 2.1 Cipollone v. Liggett Group, Inc., Cipollone filed a lawsuit against Liggett for violation of “several New Jersey consumer protection statutes alleging that Liggett (and other cigarette manufacturers) were liable for his mother’s death because they engaged in a course of conduct including false advertising, fraudulently misrepresenting the hazards of smoking, and conspiracy to deprive the public of medical and scientific information about smoking.” Law plays an important role in society because it helps maintain social control and it also protects people. Laws help resolve disputes and can act like a set of rules to abide by, it creates order in society so that the citizens know what is and is not acceptable. When people not obeying the law are moved out of society because of a court order, the citizens feel that justice was served and feel safer in their community. Law also plays an important role in business. Companies large and small rely on the law to protect their business. Laws specifically are put in place to protect businesses from lawsuit from consumers, vendors and suppliers. Not only does business law protect but it also helps generate more sales because business law is also used through contracts and agreements with other companies, vendors, suppliers etc. Agreements that are enforced keep a business stable and on track, it also acts as a back...
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...Role and Functions of Law Paper Sherry Donath Henninger LAW 421 November 5, 2012 Jerome Tatar Role and Functions of Law Paper In business and society, laws play a big part. Many business sectors have always complained about the restrictive nature of government regulations. It has been said that it impedes the profits of large and small businesses and a waste of time and effort. At some point, most businesses have worked their way around some of the requirements at least for a while. The definition of law is of rules that are governing the actions and behavior as recommended by a ruling authority that possess the legal requisite to enact these rules. The laws are made and are enforced to instill the acceptable normal quality in society. Although some laws may seem wrong to some people they are put there for the greater good of society. The different laws can be hard to understand, but if one does some research, one can find some strange laws in many communities. There have been rules and laws for as long as there has been civilization. The leaders of early tribes had to create rules that are based on acceptable behavior. As civilization evolved through the centuries and the rules had evolved into laws. In the U.S. regulations and laws are set upon businesses and society, which are set at local, state and federal levels and are categorized as Constitutional Law, Common Law, Administrative Law, and Statutory Law. These laws are designed to give an equal playing field for...
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...Role and Functions of Law Paper Law is used in many forms throughout the nation. Many companies use law to ensure they stay in compliance with state laws, where others use it in society to function. Each person may use law in their workplace and not even know it. This essay will discuss the role of law in business and society and how I have used the role of law in my past job. In business law is often used in larger businesses to make sure the company stays in compliance with all the states laws. Large companies often keep what is called “in-house” counsel on the payroll in a position such as vice president or general counsel because of “extraordinary regulatory burdens such as complying with the securities or patent laws” (melvin, 2011, p. 7). Depending on the size of the company the general counsel may also have additional attorneys that he or she supervises. Other companies may just have a lawyer on retainer to advise them in business ventures or legal paperwork such as an acquisition. “These attorneys devote a significant amount of their professional time to advising businesses on issues such as formation, governance, labor and employment laws, regulatory agency compliance, legal transactions, intellectual property, and other legal issues important to business operations”. These lawyers focus on business and rarely perform other task. “Law firms vary greatly in size from one or just a few lawyers in a local or regional practice, to those firms that have hundreds...
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...ROLE AND FUNCTIONS OF LAW PAPER Role and Functions of law paper If one wants to be successful in business and society then understanding law is important. Laws control social behavior, and social behavior helps society run more proficiently. Laws also help with ethical standards and give a person a hire expectation of safety. Laws provide rules of conduct and a ways for settling disputes. There are other functions of law but not limited to keeping the peace, corruption in government and civil rights. Some governmental law functions include economic growth, social justice and environmental protection (Mallor, Barnes, Bowers, and Langvardt). It is imperative to understand that laws are in place for the safety of all, without laws people and business could not and would not function successfully; the world as we know it would collapse around us. Laws may appear to be rather simple, but the United States legal system is very complex. The United Stated has adopted the legal views of the early British settlers. Not all of the laws are the same but the concept in which the laws where written was adopted from the British to keep order and promote fairness among the British (Liggett, 2012). Laws are broken down into several different types of categories. These categories include but are not limited to the United States constitutions, statutes and common law, administrative...
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...Role and Functions of Law Paper LAW/421 July 31, 2014 Role and Functions of Law Business Law is defined as a set of laws and regulations on how to form, start, and operate a business. It also forms the rules that all businesses should follow. All laws that are governed within business work together and seek to guarantee fairness and justice between all transactions. Corporations rely on the functions of law to protect their business dealings while managing business connections. Legal counsel, arbitrary agreements, order, safety, establishing good rapport with consumers, vendors, etc. are a few functions of business law. In a business there are external legal counsels who are available to provide their services to businesses. Some companies go above that and hire internal legal counsel for business purposes as well. Arbitrary agreements “allow the company to meet with other parties and discuss a dispute with an arbiter, attempting to get a legally binding agreement. Arbitration agreements are usually seen as final opinions on the legal issues involving the parties in the arbitration process. Companies often use arbitration when dealing with legal matters involving employees because it cuts the costs of doing business and shortens the amount of time spent on legal matters (Vitez, 1999-2014). A major function of business law is to avoid potential legal obligations that can be harmful to the company. According to Vitez (1999-2014), “Business law also...
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...Role and Functions of Law Paper LAW/421 - Contemporary Business Law 30 de julio de 2012 Role and Functions of Law Paper La Ley juega un papel importante en el buen funcionamiento de los negocios y la sociedad. La ley regula el comportamiento social, lo que conduce a una sociedad a funcionar de manera eficiente. La ley también suministra las normas de éticas y las expectativas, de igual abarca las normas de conducta, las medidas para hacer cumplir esas normas, y un medio de solución de controversias. Otras funciones de la ley incluyen: mantenimiento de la paz; comprobar el poder del gobierno y la promoción de la libertad personal, facilitar la planificación y la realización de las expectativas razonables, la promoción del crecimiento económico a través de la libre competencia, la promoción de la justicia social y la protección del medio ambiente (Mallor, Barnes, Bowers y Langvardt) . Es importante señalar que sin leyes que rigen las acciones de las personas y las empresas, la sociedad no sería capaz de funcionar eficazmente, y el comercio probablemente se vendría abajo. Aunque las funciones generales de la ley parece ser bastante simple, el ordenamiento jurídico de los Estados Unidos es en realidad muy complejo. Las leyes se dividen en varios tipos diferentes. Estos son La Constitución, el Legislativo, el Derecho Común y las Leyes Administrativas. Constitucional La Constitución es la ley primordial, porque establece los principios fundamentales de un gobierno ya sea...
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...05/15/2012 LAW/421 Role and Functions of Law Paper Creating and running a business is no simple feat. There are so many things that you need to do to get a business up and running. There are many little details that have to be worked out to have an office or store. It can be so difficult to know how to cover all these areas. Once you have a solid business plan and have an idea of how to open an office or store, you have to consider the different laws that are in place. So many people underestimate what it takes to open and run a small business. Not only do they have to know the industry and how to manage a business in a particular economy, but you have to understand the laws that protect you and other companies in your industry and investors. Respecting and appreciating the role of law in business is very important. Some companies try and work around it, or avoid it causing major strain and headache for the owners and even employees. If you can understand the laws and appreciate what they’re trying to do, it will make your job and life much easier. A lot of small businesses run into issues with labor laws or advertising laws. This is because many people assume they know how these laws and rules should work, but don’t know all the details. Especially in smaller startup companies, advertising laws can really hit a company hard. Often times, they’re so eager to get the business rolling, it seems like they’ll say just about anything to get business. In businesses that have migrated...
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...Today’s society is and will always be involved in our Countries Laws. It does not matter what law it is; weather it is Criminal, Civil, Public or Substantive we will have always have to adapt to what is set in writing so that you don’t have to pay fines, lose our home or go to prison. The Constitution of the United States has set standards for us to live by and upholding these rights and what is writing is something that can’t be taken away. The Constitution is what made a Government and is comprised of three functions of what it was designed and written for. The 1st Step in developing is to develop a structure and make guidelines on what criteria you must have to hold a certain office. The second function is to determine what branches can have what power. Things can’t be accomplished without each other. The third function is providing procedural protections for the citizens of the United States. ( Melvin, S. P. ) If we could go back to the best and see how these roles were developed, I am sure it was learning experience and they tried these functions themselves to make sure that they were producing something that would last four-ever. This has changed Society forever and always will. No matter what law is passed or law that did not pass it will always have affect on people and businesses. Even today groups, business and non-profit organizations use roles like the Constitution. I am sure they don’t live in White House, but these groups, business’s or organizations Have a committee’s...
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...LAW 421 Week 1 Role and Functions of Law Paper Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/law-421-week-1-role-functions-law-paper/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Resource: Case Brief Cipollone v. Liggett Group, Inc., et al. inCh. 2, section 2-6, “Commerce Powers,” of the text Write 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. LAW 421 Week 1 Role and Functions of Law Paper Get Tutorial by Clicking on the link below or Copy Paste Link in Your Browser https://hwguiders.com/downloads/law-421-week-1-role-functions-law-paper/ For More Courses and Exams use this form ( http://hwguiders.com/contact-us/ ) Feel Free to Search your Class through Our Product Categories or From Our Search Bar (http://hwguiders.com/ ) Resource: Case Brief Cipollone v. Liggett Group, Inc., et al. inCh. 2, section 2-6, “Commerce Powers,” of the text Write 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...
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...Role and Functions of Law “Rules were made to be broken.” A phrase commonly uttered by the youth of America. Commonly uttered, and unfortunately wrong. Rules, or laws, were put in place to regulate everyday life so that people and organizations all operate in similar manners to keep peace and show respect for those around us. Laws were made to be followed, thus building a community in which everyone can coexist happily. The role of the law is to act as guidelines for how people are supposed to behave in a society. They are similar to lines in a coloring book. When followed a perfect picture is formed, but it is up to the individual to stay in those lines. They regulate the common events such as driving to work and larger events like the marriage of two individuals. Laws have just as big of a role in the business world as they do in society. Laws instruct each business of how they must act in certain situations, thus giving each business a fair chance at surviving in our economy. They monitor fair payment to employees, proper reporting of earnings, and hold businesses accountable for mistakes. Without laws both society and business would become whirlwinds of chaos. The law also has many different functions, in both society and business. One main function is resolve disputes between two opposing parties. One of the main methods of solving disputes is litigation. While litigation is commonly thought of as a trial, it has many stages that come before the actual...
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... Role and Functions of Law Paper University of Phoenix/Axia Law/421 – Contemporary Business Law Role and Functions of Law Paper The word law is defined as a system of principles and regulations of ethics and rules in order to keep people and also things in line, a set of rules of conduct. There are many functions of law in business and in society. Without the functions of laws many companies, etc. could and would not survive. Law is very valuable within businesses. Businesses have to have law because it is used as a protective shield for the companies. Without laws, companies could have lawsuits placed on them. So laws are put into place to help avoid as many lawsuits as possible. A majority of companies have a set of lawyers to take care of their legal issues. Arbitration has become a key for companies to use to try and keep lawsuits from happening usually regarding employees. This law helps things to be done without going to court and keeping lawsuits down. In order to keep the liabilities down legally with the sale of a company’s services or goods, they use their legal advisories when making such decisions. If there are changes to be made within an agreements, etc., then the legal team can take care of this and is in the position of letting a company know when changes have been made with the legal documents or contracts to ensure that they are meeting the current laws. The role of law...
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