What are rules of conduct governing commercial relationships? What law is followed in determining the sanction of someone who commits act against public as a whole? What is the basis of natural law?

Name: ACCT 324 Intro to Business Law Notes
Brand: StudySoup
SKU: 2546816
Price: 45.00 USD
Availability: InStock
Rating: 5 (1 reviews)

ACCT 324 Intro to Business Law Business law: rules of conduct governing commercial relationships  Contractual law, employment law  Affects many areas of business; marketing, accounting, corporate management Purposes of Law:  Maintain order  Alternate to altercation --> avoid violence/fighting  Change is possible --> changes overtime  Social justice  Personal freedoms --> laws set boundaries  Moral guide --> what's right and wrong Private Law:  Private individuals & groups  Ex. Breach of contract; not paying rent Public Law:  Private parties & government  Ex. Violating federal laws; environmental standards Civil Law:  Responsibilities involved between