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Roles and Functions of Law

In: Business and Management

Submitted By cherrier1984
Words 728
Pages 3
Introduction
In order to understand the roles and functions of laws one must understand the concepts of law and how it affects businesses and society. Law is defined as the principles and regulations established in a community by some authority and applicable to its people, whether in the form of legislation or of custom and policies recognized and enforced by judicial decision (Law, 2012). The discussion in this paper will concentrate on the role of law and the function it serves in business and society.
Roles and Functions of Law
If we lived in a world where laws did not exist it would be hard for society to function in an effective manner due to the fact that laws govern the actions of people and business. The roles and functions of laws are broken down into many different categories and types. This includes constitutions, statues, common law, administrative regulations and decisions, treaties, ordinances, and executive orders (Bushman, 2007).
Constitutions are the formation of fundamental principles of government at state and federal levels. With creating the different branches of government, constitutional law supersedes power from any other branch. This can be accomplished by granting or declining specific powers to each branch, and the prevention of other branches from passing particular laws.
Statues and common laws are enacted by elected officials of the legislative branch of government, the administrative principles are parallel to statues, but are endorsed by administrative agencies as a replacement of elected representatives. Common law is centered on previous court decisions. The laws are applicable when cased are not governed by other types of law.
Treaties are known as contracts multiple political authorities, and example of this would be states or countries. Ordinances are laws created by counties and municipalities. Lastly executive orders are

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