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Functions of Law

by: Airielle Thomas

Functions of Law BUSA 2106

Airielle Thomas

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About this Document

This set of notes explains the functions of law and the 5 theories of business ethics.
Legal Environment of Business
Spell, Jr.
Class Notes
BUSA 2106, Legal Enviroment of Business, business law
25 ?




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This 1 page Class Notes was uploaded by Airielle Thomas on Thursday January 21, 2016. The Class Notes belongs to BUSA 2106 at Georgia State University taught by Spell, Jr. in Winter 2016. Since its upload, it has received 10 views.


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Date Created: 01/21/16
BUSA 2106 SPRING 2016 Functions of Law Functions of Law  Keeping the peace  Shaping moral standards  Promoting social justice  Maintaining status quo  Facilitating orderly change  Facilitating planning  Providing a basis for compromise Classification of Law  Substantive­ Ex. Whether or not an employer has the right to fire an employee  Procedural­ Ex. Which court is used for which types of cases? (i.e. Municipal,  Appellate, Appeal, District)  Federal and State  Civil (damage to and individual) and Criminal (damage to State, or society)  Law and Equity  National and International  Common (established by English Common Law) and Statutory (enacted by legislatures)  Fairness of the Law: factors that cause contradictory and inconsistent results. Does the law provide a fair way to deal with business issues?  Ethics: the difference between right and wrong. Should ethics be a standard in business issues? Where do we find the rules of ethics?  The 5 Theories of Business  Ethical Fundamentalism: There are outside sources for the rules. (Ex. Bible, Quran,  etc.)  Advantage­ The rule can be found via its source.  Utilitarianism: Choose the course of conduct that is in the best interest of society. Utilitarianism and Katian Ethics   Katian Ethics: “Do unto others as they do unto you.” are concepts that overlap.  Rawls’ Social Justice: If it’s fair, it’s ethical.  Ethical Relativism: “Just feels right.”­ What is done feels right “in your gut.”


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