Functions and Role of Law in Business and Society xxxxxxxxx Law/421 - Contemporary Business Law xxxxxxxx xxxxxxxx Functions and Role of Law in Business and Society Melvin describes law “a body of rules of action or conduct prescribed by controlling authority, and having a legal binding force” (2011, p. 4). In other words, law is a set of rules that dictate acceptable actions and behavior, which are created and upheld by an authority, which carries consequences for disobedience. There are…
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