Role and Functions of Law

In: Business and Management

Submitted By mapatterson405
Words 638
Pages 3
Role and Functions of Law Paper
Mark Patterson
LAW/421 Contemporary Business Law
February 25, 2013
Tad Davis

Role and Functions of Law Paper
Law is defined in layman terms basically as a set of rules of action or conduct that is governed by a controlling authority such as local, state, and federal legislators. These levels of government regulate individuals and businesses using any combination of constitutional law, statutory law, common law, and administrative or regulatory law. After these laws are passed they are enforced by varies government entities such as law enforcement agencies and groups or organizations authorized to enforce the laws to include the U.S. Equal Employment Opportunity Commission (EEOC) and the Federal Trade Commission (FTC).
The primary functions and roles of law is to protect individuals and business from negligent or intentional acts to harm or damage them by regulation social and ethical behaviors or standards. This regulation is to ensure or encourage that society and businesses run efficiently. In addition this includes outlining rules of conduct, avenues of enforcing the laws, and a means of settling disputes. Laws also provide a foundation or basis as to how the judicial system will react or deal with any infractions of the law. Other functions of laws include keeping peace, encouraging economic growth through free competition, defining government power to ensure personal freedom based on the U.S. Constitution, to promote social justice with a fair and impartial judicial system, and to protect the environment.
Local, state, and federal law enforcement enforces the laws as defined by legislation based on the U.S. Constitution and acts accordingly. Other entities such as the U.S. Equal Employment Opportunity Commission and Federal Trade Commission enforce specific laws as authorized and tasked to enforce. The…...