What Is the Role of Law in Business?

Answer

The Law has an important role in business. It serves as quality control. It is the body that inspects whether or not the business serve its purpose well or not, whether it offers good services or not.
1 Additional Answer
Ask.com Answer for: functions and role of law in business and society
The Functions & Role of Law in Business & Society
According to Merriam Webster Online, law is “a binding custom or practice of a community; a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority." The role and function of law is to maintain... More »
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Q&A Related to "What Is the Role of Law in Business?"
Laws create order and allow a government to instruct citizens on what is acceptable behavior. These laws provide a clear set of rules for citizens to follow and are known as public
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what are the fuctions of law to the society or if may add how does law affect the society and an individual?
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A business is an organization engaged in the trade of goods, services, or
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Very good answers regarding the outsourcing of business functions such as reception, search and due diligence. As far as legal practice goes, there has been a long-term trend to outsource
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