Test Paper

In: Business and Management

Submitted By phoenix15
Words 795
Pages 4
Introduction

The role of the legal system is an important aspect both in business and society. We use the law to establish standards, maintain order, settle arguments and protect civil right. We also use the law to enforce consequences when individuals and business break these written laws. It is important for individual and business to understand the laws that govern their actions in order for them to avoid costly law suits.
The Function of Law
The function of the legal system is to maintain class rule or to promote social cohesion. Laws are created when a legislative body, elected to act on the best interests of their constituents, determines that certain actions that cause personal injury or damage property will not be tolerated. These laws are enforced by threat of punishment such as jail time, probation or monetary fines. Law
The law establishes standards of acceptable conduct in a society and business. It is a crime to cause physical or monetary injury to another individual without justification. The law is used to ensure order is maintained within the acceptable guidelines of the law. When order is not kept and disputes arise parties use the court system to resolve their dispute. Disputes can be resolved in the federal court system or the individual state court system. In order to determine which branch of court will hear a matter you must determine which branch has jurisdiction to hear a matter. Lastly, the law protects our civil liberties and rights.
Function of Law in Business
Laws are important as they provide business owners, consumers and employees some sort of expectation as to what their business transaction will be. For example: as an employee if you work an eight hour day you expect to be paid for the full eight hours and to be provided a reasonable meal and rest break. If your employer required you to work overtime and did…...

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