It is difficult to keep calm while writing the lengthy and time-consuming BUSI2301 assessment answers. Understanding the complete US legal system and its impact on business takes years anyway. Why waste more time working on BUSI2301 assignment answers?
Your frustration is understandable. But, the best way to learn Business Law is through research and writing concise bbs302 assessment answers. Here is a glimpse of three key concepts you get to learn while researching and writing academic papers.
- Origin of the American Legal System
There are three primary sources of the laws from the federal and state legal systems:
- Constitution
Constitutional laws are comparatively small in number. But, they are crucial since they protect the fundamental rights of people.
- Statutes
Statutes govern the duties and rights of those who have minimum contacts within a specific jurisdiction. Yes, legislators enact statutes. At the same time, they can authorize agencies to issue regulations for better clarification of what a statute is.
- Common law
The common laws are the ones that do not stem from a constitution or statute. These evolve from court decisions only.
How do the Different Branches of Government Work Together?
Each source of law is independent. But, there is a significant interconnection between the three branches of government.
Remember,
- Constitutions and statutes are future-oriented.
- Thus, they involve broad, general terms that cover a wide range of future conduct.
- Now, questions arise when the broad language is applied to a specific factual situation.
And this I when the role of governments working together comes into play.
What is the System of Stare Decisis?
You must have encountered situations when a judge has two equally valid interpretations of the law. On the one hand, the judge wants to further the legislative policy concerns underlying the law by imposing fair rules. On the other hand, he cannot avoid the fact that the legal system should be consistent and predictable when it comes to interpreting the law. Thus, judges seek guidance from the decisions of prior courts, and this process of judicial interpretation is stared decisis.
There are different levels of courts in each legal system. Thus, the appeals can be taken from trial-level courts to higher-level courts. The persuasiveness in a case appeal depends on whether or not the case of persuasive precedent.
- Relationship between Business Ethics and Law
Both business ethics and law are interrelated terms that exist independently of each other and are crucial to business growth. Ethical considerations are legally enforceable. And hence the intersection between the two is possible. But, it might not be the case every time.
Remember, ethical considerations in business seem like unwritten codes that are based on basic morality.
Business contracts are the biggest examples of where business ethics and law do not go together.
- According to ethics or morality, two or more parties have to agree to something when they sign the agreement. They can violate the agreement only in the case of extenuating circumstances.
- But, this doesn’t always happen in reality. Do they? Some parties tend to figure out how to extricate from the performance of the agreement, thereby violating the law of the contract.
Another example of instances where business ethics and law have confluence points:
- In the case of a false representation, one of the parties gets the other party part with something valuable by falsely claiming to present a material fact.
- You may have heard of the cases where a car salesman presents the used cars as new ones and launders money from clients.
Understand one thing. Business ethics and law serve similar purposes of enforcing a sense of right and wrong. Laws act as external obligations. These are a set of codified norms enforced by the State. Ethics, on the contrary, are the set of norms that guide our judgments and internal compass.
Both stem from common sources such as a sense of justice, cultural context, community values, religion, etc. But, ethics can also arise due to an individual’s evolution, personal choices, and more.
Business laws apply uniformly to all involved in it. Ethics vary from person to person. Ethics are not enforceable. You cannot punish someone legally because they lack the basic ethics. Sad but true.
- Business Law in Global Context
Law and legal practices have become an integral part of the ever-increasing globalization. It is crucial to understand the impact of business law in the global context to become a successful lawyer in the future. Globalization increases the scope and complexity of legal practice and law. Here are the some of the most interesting topics you will come across:
- Western legal systems
- Legal practice in the United States of America
- Common law aspects of commercial transactions
- Legal aspects of international finance
- Intellectual and industrial property
- Business organization and governance
There are three sources of International Law such as customs, treaties, and organizations. These three factors determine how the international community streamlines business trade and commerce. International law comes into play only when a country violates business principles set by globally shared treaties, customs, and organizations.
The United Nations Convention on Contracts for the International Sale of Goods (CISG) is one of the most important documents that govern international law. 84 countries have adopted CISG as the United States, Japan, China, Canada, Brazil, and most European countries.
Wrapping Up,
All in all, business law isn’t just about complex business norms, acts, and regulations. And working on your academic papers will help you explore the subject thoroughly. You can always get help from online BUSI2301 task solutions if you need more clarity regarding this course.
Author Bio:
John Millar is an assistant lawyer at a reputed firm in the United States. He also provides help with BUSI2301 assessment answers at Assignmenthelp.us. Samantha loves to read in her free time.
