Functions and Roles
Functions and Roles of Law in Business
LAW/421
December 16, 2013
Jane Schneider Functions and Roles of Law in Business I believe that the functions and role of laws in businesses and society are very integrated and important. Laws are used in order to ensure that businesses don’t monopolize the market just as an example. Laws are also very important because they ensure that businesses treat their employee’s correctly, they are used to regulate the relationship between employees and the business they are working for. There are a few different types of laws that protect the people as stated in our text book The Legal Right of Business e1: Substantive laws provide individuals with rights and create certain duties. Procedural laws provide a structure and set of out rules of pursuing substantive rights. Also stated in The Legal Right of Business e1 are the differences between public laws and private laws. Our text book The Legal Right of Business states: Public laws are those derived from some government entity (legislature/executive and administrative regulations (state or federal administrative agencies). Private laws are recognized as binding between two parties even though no specific statute or regulation provides for the rights of the parties. The most common example is a contract for services. Laws have always been created in order to keep the balance between companies and employee’s even as possible. Laws that are created keep the interests of both parties as a priority.
The functions and roles within my past and present jobs have affected each job differently. As an example when the new Health Care Act was implemented and pasted I was working for Red Lobster, which is part of Darden Industries. Darden Industries said publicly that if the Health Care Act was passed and made into a law they would cut all their employee’s to part time, unfortunately for myself they kept their word and they cut my hours from 40 down to 20 which forced me to go and
LAW/421
December 16, 2013
Jane Schneider Functions and Roles of Law in Business I believe that the functions and role of laws in businesses and society are very integrated and important. Laws are used in order to ensure that businesses don’t monopolize the market just as an example. Laws are also very important because they ensure that businesses treat their employee’s correctly, they are used to regulate the relationship between employees and the business they are working for. There are a few different types of laws that protect the people as stated in our text book The Legal Right of Business e1: Substantive laws provide individuals with rights and create certain duties. Procedural laws provide a structure and set of out rules of pursuing substantive rights. Also stated in The Legal Right of Business e1 are the differences between public laws and private laws. Our text book The Legal Right of Business states: Public laws are those derived from some government entity (legislature/executive and administrative regulations (state or federal administrative agencies). Private laws are recognized as binding between two parties even though no specific statute or regulation provides for the rights of the parties. The most common example is a contract for services. Laws have always been created in order to keep the balance between companies and employee’s even as possible. Laws that are created keep the interests of both parties as a priority.
The functions and roles within my past and present jobs have affected each job differently. As an example when the new Health Care Act was implemented and pasted I was working for Red Lobster, which is part of Darden Industries. Darden Industries said publicly that if the Health Care Act was passed and made into a law they would cut all their employee’s to part time, unfortunately for myself they kept their word and they cut my hours from 40 down to 20 which forced me to go and