Law 421 Week 1

Law in Business and Society

Name

LAW/421

The functions and role of law in business and society is something that people don't put much thought into, but it is used on a daily basis in the workplace. I will discuss these functions and how they relate to business and society thru my personal experiences as well as providing textbook definitions as well.

A society that runs efficiently is one that allows laws to regulate social behavior. Laws will also provide ethical standards and expectations as well as providing rules of conduct. They also provide measures to enforce rules and means for settling disputes as well. According to "The Role And Functions Of Law In Business And Society" (2013), "Other functions of law include; peacekeeping: checking government power and...