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What Is the Function of Law in Business?

Answer

While most companies traditionally relied on external legal help for their business, changes in the business environment have made it possible for businesses to hire internal legal counsel. Prepaid legal services have also made it possible for
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Q&A Related to "What Is the Function of Law in Business?"
There's a lot of different ways to look at law, but I put it this way: law is the text of the social contract we make with each other to allow people to live together in society.
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The main purpose of tort law is to compensate the victims of wrongdoing for the injuries they suffer as a result. It generally is not concerned with punishing, or casting moral judgment
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Law plays a significant role in the successful operation of business and society. Laws
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The functions of law include: keeping the peace, influencing and enforcing standards of conduct, maintaining the status quo in certain aspects of society, facilitating ...
The function of law mainly lies in bringing order in a society. Law also maintains social control, resolves disputes, brings out justice in society and also outlines ...
the primary function of the law is dispute resolution. ...
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