Why Government Regulates Business

Why Government Regulates Business - Ryan Hayes BUS 101 CB...

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Unformatted text preview: Ryan Hayes BUS 101 CB 10/23/08 Dr. Luzadis The United States government regulates or deregulates through legislation. The legislation is used for protecting healthy competition within businesses. Healthy and legal competition is necessary for safe growth in the economy. Some examples of legislation that the government uses to help regulate businesses are the Uniform Commercial Code, trademarks, and copyrights. The UCC is one example of how most US businesses follows the law. This code is used by all of the states and it creates some degree of consistency. Within the code are laws on sales, warranties, and negotiable instruments. The sales law governs sales of goods or services for money or on credit. The buyer and the seller enter into a sales contract, and it usually has to be a written agreement. If one of the parties fails to perform based on the contract, the UCC gives an award for the damages for the party that was affected. If the Sales law was not used, agreements would be broken constantly and there would be was affected....
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Why Government Regulates Business - Ryan Hayes BUS 101 CB...

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