Business Law.pdf - 1 BUSINESS LAW IN BUSINESS EDUCATION Joseph L Frasco na have sugge sted that I talk Those who have invite d me to addres s you today

Business Law.pdf - 1 BUSINESS LAW IN BUSINESS EDUCATION...

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BUSINESS LAW IN BUSINESS EDUCATION 1 Joseph L. Frascona Those who have invited me to address you today have suggested that I talk Jout business law and its relationship to business education. I am happy to try ) oblige, for the place of business law in the educational process is a stimu- ating subject to me. In order to develop this theme, I intend briefly first to xplore the objective of education, then to consider the place of business in edu- ation, and finally to discuss the place of business law in business education. The Objective of Education On the rear cover of the catalog of the College of Business Administration, niversity of Texas, appear the biblical words, "Ye shall know the truth and the ruth shall make you free." In contrast with this great challenging expression ,f educational objective are the famous mocking words of a well-known Roman gover- ~r who addressed the most notable man in our world's history with the searching LUestion, "What is truth?" In the latter instance, the denial of truth by civil ruthority poignantly and humiliatingly resulted in the effacement of human life, LS it did previously with Socrates and others who stood for truth. If truth, then, is at the root of education, what is it, and to what extent Ls it a part of the educational process? I wonder how many of you have shared my ~xperience in recent years of again pondering objectively the meaning of that word 'truth." The lexicographer will lead you into an intriguing labyrinth concerning the various precise meanings of truth, and the great philosophers will explore the iepths in many books and words. But I am concerned for the moment with the simple concept, the over-all simple connotation, the end meaning, of truth. The more I think about that weighty word "truth" the more I am increasingly impressed with its simple connotation of living one's best for good. I have arrived at this con- clusion in this way. If truth is all that is, truth must include both fact and the use of fact. Man continually researches for fact and thinks about the use to which fact will be put. He is, therefore, always searching for truth. Man is convinced that fact should be used only for good; his belief in the deity, irre- spective of the latter's name, manifests this profound conviction. Since truth discloses that all things are to be used for good, living one's best for good is ultimate truth. Our never-ending research is to learn more of fact and how better to use it for good. With respect to the meaning of the word "good," it seems to represent the crystallized composite of man's experience and noblest thought, resulting in the word "love." We seem to be proceeding in the right direction because, again, in the biblical story of the Good Samaritan and in one of the two great Commandments of the Christian religion we find this thought expressed in the words "Love thy neighbor as thy self." Recently, while on a tour of temporary active military duty as a Reserve Officer, I had the interesting experience of viewing a very un- usual thirty-minute film

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