Business Law APP6Linville_W

Business Law APP6Linville_W - 1 Running Head: Reflection...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Running Head: Reflection Paper Reflection Paper Walden University BUSI-2001-3 Business Law Instructor: Michael Cutchen By: William Linville 1
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Running Head: Reflection Paper Abstract The purpose of this paper is to reflect on the various theories, concepts, and strategies presented in BUSI-2001-3 Business Law, at Walden University in partial fulfillment of the class. The questions presented here are in an effort to determine whether this author believes if there is too little regulation and protection for business in the United States or whether there is too much regulation slowing down the efficiency and reducing the profitability of business in this country? 2
Background image of page 2
Reflection Paper Is there is too little regulation and protection for business in the United States or is there too much regulation slowing down the efficiency and reducing the profitability of business in this country? In deriving at a reasonable response to these questions one must take into consideration of how government intervenes within our society in reference to laws that regulate the conduct of business. The Uniform Commercial Code (UCC) “is a group of laws governing commercial or business transactions throughout the United States. The UCC has made key changes to the common law principles of contracts to accommodate the needs of people dealing with one another in the modern business world.” (Cutchen, 2010) Everyone knows the right thing to do but in the stress of competition and the desire to be successful, rules sometimes get bent and temptation gets the upper hand. It became apparent in the early part of this century that some regulation of business was required and the government had to step in to protect the public from the robber barons of those days. We have come a long way since then but we still need reminders once in a while. The reminder can come from our customers, from ourselves or from the government. Codes (regulations) act as reminders, they can provide guidance in ethically ambiguous situations like the ubiquitous conflict-of-interest cases. Insider information, favors, tips, gifts, 3
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 8

Business Law APP6Linville_W - 1 Running Head: Reflection...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online