Role and Functions of Law Since the beginning of time, there have always been rules. Rules are laws expressed in many forms from individuals to businesses. Merriam online dictionary defines law as "a binding custom or practice of community, a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority." The United States has various laws to prevent and help regulate the way business is conducted. The U.S. is also responsible for overseeing the conduct of business through legislation to protect many legal rights.
Role and Functions of Law Paper September 27, 2012 Esmeralda Herrera Law/421 Stanley Santire University of Phoenix To understand the roles and how laws function, people must understand the theory of law and how it affects society and businesses. Law is described as the main beliefs and system that is established by a community and is ordered by higher authority; it applies to the people within that community. It does not matter which form of law it is, if it is in the form of legislation, custom or policies laws are appointed and enforced by judicial decision. If laws were not available to follow, society would not function in the manner that they normally do because law
These are some examples of questions that Kudler will have to review and ask themselves when they are in the process of hiring new employees for their expanded service. It would be practical business protocol to review these questions with their lawyers and senior management in order to be in compliance with the laws of business. Conclusion To conclude, Kudler has addressed many different legal concerns regarding how it does business. These areas of concern were divided into four
Business Organizations and Unions Establishing business organizations or small companies require various issues to consider and is not limited to the financial aspect of formation and workforce but also requires adherence to numerous legal laws. It is therefore necessary to research and ascertain that both management and its employees acclimatize themselves on these issues and work hand -in-hand to obtain their goals and objectives, thus resulting to the success of the organization. This paper will expound on the relationship between Ford Motor Company and the United Automobile Workers Union from its early years and the effects of the union to the organization. Ford Motor Company and United Automobile Workers Union The Ford Motor Company is one of the largest automotive manufacturers in the world founded by Henry Ford in 1903. The company manufactures and distributes automobile around the globe with famous vehicle brands produced such as Ford, Lincoln, Volvo, and Mercury.
International Legal and Ethical Issues Eddie Brown Law/421 September 25, 2014 Lydia Quarles International Legal and Ethical Issues Companies are informed of international legal and ethical issues procedures on how to do business with foreign countries. The international legal issue are choices surrounding law selecting local counsel, understanding of the local laws, and due diligence must be considered in order to make good decisions when doing business in other countries. In the simulation, the legal issue that affect CEMEX was understanding of the laws of the country they were doing business with laws that are managed by the government of other countries could causes problem with their business agreement. The issues Involved in
The forum in which the dispute will be settled is also a vital consideration. Culture and ethics may play a big role in the decision of the forum. Possibly jurisdiction may be considered as well? What factors could work against CadMex’x…………………………………… “Dealing with foreign laws could pose a problem----we need to have someone with relevant expertise in Candorean law and extensive knowledge of international business. Why hose local laws, when there are well accepted international laws for such transactions”.
Role and Functions of Law Paper Trent Thomas LAW421 University of Phoenix Instructor: Tiffany Brady March 11, 2013 Abstract The role of law in a free market system can be viewed as bilateral, one function being the enforcement of law to protect business’ interests while operations are conducted, and the other exercising protection for commerce and the consumers within it. In this paper, I will explore the primary functions of law and its role in the business world; providing ample examples, facts, and considerations of business law’s role in commerce. Correspondingly, this paper will briefly discuss federal, state, and local court systems that help companies enforce contractual obligations, ensuring that they do not face frivolous
Canadian Legal System * Preparation – chapter 1: Knowledge of law as a business asset knowledge of the law is a business asset that can assist owners and managers in reaching their goals and objectives. This is because business law: defines general rules of commerce protects business ideas and more tangible forms of property provides mechanisms that permit businesspeople to select their desired degree of participation and exposure to risk in business ventures seeks to ensure that losses are borne by those who are responsible for them facilitates planning by ensuring compliance with commitments law is a set of rules and principles intended to guide conduct in society, primarily by protecting persons and their property, facilitating personal
Balance in the Administration of Justice and Security Integrative Paper AJS/552 October 28, 2013 Michele Bradford Balance in the Administration of Justice and Security Justice and security are Issues Concerning the Legal Environment There is an abundance of issues concerning the legal environment of the justice and administration and how it operates. It is very imperative to understand the duties of a security or legal administrator. A security or legal administrator is an individual who fulfills an office management position or a non-attorney position and is liable for total routine operations. He or she is liable for safeguarding the distribution of services by overseeing his or her employees and recognizing and creating business
Question Critically compare and contrast the codes of ethics/professional conduct of either (a) The institute of Chartered Secretaries Zimbabwe (ICSAZ) or (b) the Institute of Chartered Accountants of Zimbabwe (ICAZ) against the International Federation of Accountants (IFAC) code of ethics. Accounting being a profession demands the responsibility to act in a ethical manner. Ethical behaviour is one of the principally vital aspects of the accounting profession besides the need for the technical expertise. A Code of Ethics is a document which guides professional accountants in the exercise of their duties, in business, decision making and their behaviour as accounting professionals. Although there has been harmonisation of the profession worldwide every country has its own national standard setting bodies and there are also some found at a regional level like in Southern Africa there is Southern Africa Association of Accountants (SAAA).