Function and Role of Law in Business Essay

AbstractThis paper will define the scarpers and roles of law in twain tune and society. Giving examples of such relationships from past and future experiences from the author pertaining to flow rate and past calling or industry. maculation it is beyond the scope of this question paper to do a complete analysis of all the laws and functions pertaining to duty and society we will cast a broader look at the of import points that can add value to the paper.Functions of virtue in Business and fiatThe Merriam-Webster mental lexicon gives a definition of law as a regulate of conduct or action prescribed or formally accepted as binding or enforced by a commanding authority (Mirriam-Webster, 2012), thus we infer that the controlling authority in the linguistic context of this paper is either the federal or state government and its dismay portions in the legal community. It is important to mention that most of the positions in the federal and state legal division of government are either officials that train been elected by citizens of the get together States of America (i.e. District Attorneys, Judges, etc.) or qualify candidates that shake off the appropriate qualifications to meet the criteria as defined by job descriptions (i.e. board certified lawyers, trained investigators, etc.).Concerning the legal system in the United States of America (US), the main function of law is stated from the textbook, Business Law The Ethical, Global, and E-commerce Environment, thirteenth Edition (Mallor, et al, 2007, p. 11), the most important functions of law include the succeeding(a)1. Peacekeeping.2. Checking government power and promoting personal freedom.3. Facilitating planning and the realization of reasonable expectations.4. Promoting scotch growth through free competition.5. Promoting social justice.6. Protecting the environment.While we gift put to paper the functions of law, they have different roles for backing and society. The inescapably of bl ood laws are seen differently from the perspective of owners and the process of litigation Functions of law in the context of societies perspective are limited to the outside of personal credit line law. While one law can be applied to both business organisation and society how they are interpreted can be different and ordinarily is.Role of Law in BusinessThe current status of business law is a complicated labyrinth of state, federal and municipal statutes that go away together to ensure predictability and fairness. The overall purpose of business laws include an self-assertion of fairness, encourage competition through the fosterion of property rights and ensures that all parties refer understands their obligations and duties while doing business transactions. While the complexity of business laws in the US are daunting, at best, but the effort to create an frank business community has established laws that lets a small business or a multi-million dollar corporation do tran sactions in a special K level. As a capitalist society we view the right to semiprivate ownership is a corner stone of our communities. From entrepreneurs to generations old businesses we view the laws of business in the US as the assurance a business needs to be able to succeed.Roles of Law in Society at that place are certain roles that law imposes within our society to be able to function in an equitable elan. Maintaining social control is an important part of the laws, make sure that we can maintain a regulated community that does not recognize anarchy. by this social control we also maintain and protect public order. Without out we cant maintain a educate society.An equitable law helps us to resolve disputes in an orderly manner while also facilitating changes that are inevitable as society changes. indoors these changes one of the roles of law in society is bringing justice to our communities. Through an established system, laws can dispassionately produce justice i n fair and predictable manners.Author Experience of Business LawAs a freelance website designer and developer, including Internet marketing, laws pertaining to the world wide web have been fought about and are still in the infant stages. The Internet is a multi-national entity, transcending boundary lines that are not clearly mark as it is. There is no physicality to where the Internet can be maintained and the creators do it that way on purpose.An example of new laws fought over and established in the US is state valuatees. States in the US were losing tax revenue as customers where not buying products locally and using sites like Ebay and Amazon to master products in-state, but not requitaling taxes. Eventually state laws established who should pay state taxes on purchases, developers had to start developing new systems within the electronic commerce (ecommerce) systems to be able to accept state specific tax withholdings within their payment system. The law had to be revised to make it equitable within businesses that change products in a brick and mortar environment and businesses that sold their products in the world wide web.ReferencesMallor, J., Barnes, A., Bowers, L., & Langvardt, A. (2004). Business Law The Ethical, Global, and E-commerce Environment, 13th Edition. Retrieved on October 8, 2012, from University of Phoenix Resource.Law Definition and More from the Free Merriam-Webster Dictionary. Retrieved Oct 08, 2012, from http//www.merriam-webster.com/dictionary/lawSean, M. (2011). The Legal Environment of Business A Managerial Approach. peeled York, New York McGraw-Hill/Irwin.