Student Paper: Functions And Roles Of Law

Functions and roles of lawNameTutor’s Name05/07/2015Functions and Roles of Law in Business and SocietyWhat is Law?Law is defined by Melvin (2011) as a body of directionsor rules of action or conduct provided by controlling authority, and that have a having legal binding force. Laws contain strict rules and related consequences that would be enforced if the laws are violated or broken. Law provides governments, businesses, and individuals with direction in uncertain times. The available law is described by Melvin (2011) “Modern law in the United States regulating businesses and individuals is generally a combination of constitutional law, statutory law, common law, and administrative (regulatory) law at the federal, state, and local levels. These sources of law are known as primary sources of law and may sometimes work in conjunction with one another or independently” (pg. 8). The US Constitution is the supreme law the foundation for all other law in the United States. Functions of LawLaw sets the rules and expectations of conduct or actions. Laws therefore aid in keeping behaviour intact and regulate standards which allow individuals and businesses to enjoy freedom, live