MIE 305 Chapter Notes - Chapter 1: Procedural Law, Panera Bread
17 Jan 2019
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Chp 1 intro to thelaw2legal methods i 1 importance of law tobusiness. 1 1 a whystudy the legalenvironment ofbusiness theimportanceoflawtomodernbusiness establishesrelationshipsb w parties providesthemechanismbywhichgovt regulatesbusinessbehavior thehistoryofbusinessrevealstheprominence oflaw loan repaymentin ancientrome law merchant medievallegalsystemprevalent ineurope that establishedpractical rules. Comoc erum"strade educatorstoday emphasize theroleof law in preparing tomorrow"sbusinessleaders private lawsystems business law coursesoftenrequired lawpermeatesthe worldofbusiness. 2 no theycouldeasily takebusinesses if something morelucrative camealong. 3 no itsays a changeininterpretationis needed for now"sthefuturedebatesofprivate property. Law is accordingtoblack"slawdictionary a regimeor structure thatorders or controls humanactivities relations prescriptions proscriptions. 2 requiressystematicapplicationof force in its enforcement criminal or non criminal comesfroma politicallyorganizedsociety orthroughsocialpressure infunctions whatdoesthelaw do for us socialcontrolfunction maintainorder. 3 designatedofficialstointerpret3enforce therules 3oftenmakethem disputeresolution thelawsettlesdisagreements thatariseb w parties3imposes responsibility if onepartyhas a valid legal claim againstanother as in a suit for breachof contract socialchangefunction of law refersto purposive planned 3directedsocialchange initiatedguided and supportedby the law ex thecheyennetribe. Paradigmsofsociety whatsocialpurposedoesthelaw serveoverall what is its usefulness in ourculture. 1 consensusperspective law is a neutralframeworkfor maintaingsocial integration.
