Importance of Business Law and Ethics
As you may have guessed, the rule of law is important for business. Can you imagine doing business without being able to have reasonable expectations about other people`s behaviour? Would you be willing to do business if you didn`t have the legal means to protect your real estate interests? And in the event of a dispute, there would be no established way to resolve it without a constitutional system. Without the rule of law, business would be chaotic. In this section, you will find some general examples of the importance of the rule of law for business. The purposes and functions of business law include policing, protection of rights and freedoms, norm-setting and dispute resolution.3 min read Commercial law, a branch of civil law, involves the management of commercial and commercial transactions in both the public and private sectors. Areas of commercial law include land and sea transportation, agent and principal, merchant marine, insurance, partnerships, warranties, contracts for business, sale and manufacture of consumer goods, rental practices and bills of exchange. Since the early 20th century, broad interpretations of the trade and spending provisions of the Constitution have extended the scope of federal law to many areas. In fact, its scope is now so broad in some areas that it excludes virtually all state laws. Thus, the commercial clause of the Constitution has been interpreted as permitting the enactment and enforcement of federal legislation that applies to many aspects of the conduct of business. In addition, the Constitution`s Bill of Rights extends certain protections to businesses that are also constitutionally guaranteed for individuals. Students must follow these guidelines to count classes. A student may count a maximum of one class to serve more than one purpose – that is, work towards any combination of major, minor, and primary or secondary concentration. For example, a single economics course could count as both a minor in finance and a minor in economics.
any additional economics course would count towards the finance major OR the minor in economics, but not both. Similarly, a management category could count as both a primary management concentration and a minor category in sustainable business, but each subsequent management category would not count for both. Any exceptions to these rules will be published as part of the specific, major, minor or concentration requirements. Not a day goes by without sport and law making headlines. Professional and amateur sports have gained great importance in American society. This growth goes hand in hand with the growing number and complexity of legal issues in sport. This course addresses the most important legal issues facing the sports industry. These include labour-management relations, free agency, governance of professional and amateur leagues, agents, contracts, antitrust, assault, discrimination, broadcasting, the Internet.
This course discusses and analyzes the internal and governmental rules applicable to the amateur and professional sports industry, as well as the controversies and political considerations surrounding these rules. This course may be the only one where students are encouraged by a professor to read Sports Illustrated. Business law includes all laws that provide advice on how a business can be incorporated and how it can be legitimately managed. Business law includes all the laws as well as the rules that govern the creation of a business, how to start and manage it, how to manage it legally, and how to sell or close it. This course aims to help students recognize the moral dimension of business decision and provide these students with tools to deal with potential ethical issues they are likely to face in the business world. This course begins with basic information on how climate change, water scarcity and deteriorating water quality, solid waste overload, and other critical issues affect businesses. It will then focus on understanding how the law relates to these issues; and whether there are ethical and business reasons to go beyond the law and deal with it. Questions of how the legal liability of officers and directors to their shareholders affects their response to impending environmental problems will be addressed, as well as the ethical principles of environmental justice and sustainability.
In addition, business law is also essential for corporate finance regulation, regulatory compliance and commercial litigation. For more information, contact our experienced Santa Rosa attorneys at Johnston Thomas Law at 707-545-6542. This field of activity includes regulations and statutes relating to companies, individuals and families in their role as employees, citizens and consumers.