Discussion week 1

Discussion week 1 - List and discuss three fundamental...

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List and discuss three fundamental concepts and principles of the American legal system, particularly those pertaining to today’s business environment. In today's current environment, the concept of business law is quite important. Business law is not a separate branch of law. Business law is the part of the law that deals with business or commercial transactions, including the areas of contracts; negotiable instruments the purchase and sale of goods, business organizations and agency. All fifty states have adopted uniform laws ensuring that the laws governing commercial transactions will be the same through out the country, for example the Uniform Commercial Code. Teacher’s question Does anyone have another example of how the legal system works in terms of a certain business? Law and the Workplace The law affects just about every aspect of work. Federal and state laws regulate the hiring process, the terms and conditions of employment, and the circumstances under which employees can be terminated. The law helps shape the relationship between employer and employee. The law does not address every
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Discussion week 1 - List and discuss three fundamental...

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