The U.S. Legal System and Business
The U.S. Legal System and Business
The U.S. Legal System and Business
LEGAL
SYSTEM AND
BUSINESS
Jessica Hopper
What is business law & why
do we need it?
Business Law consists of rules of conduct to govern
commercial relationships. In our society, we
require Laws for things such as preventing
fighting/war and showing that change is possible,
given a rational consideration of options. Without
business law, life would rely solely on “the goodwill
and dependability of one another and cooperative
values would exist with self-interest and profit
motive.
Foundations of the US Government
The United States government is majority based on the US constitution or the “Law of the Land ”.
It sets the ground for how the country and individual states are governed. It is the primary
authority to identify the relationship between business organizations and the government. The
federal government is separated into three independent branches consisting of the
legislative, executive, and judicial branches. The system of checks and balances ensures that
no branch can dominate the government. For example, if the president (executive branch)
vetoes a bill created by congress (legislative branch), the judicial branch can deem it is
unconstitutional by undergoing judicial review.
Primary Sources
of the U.S. Law
Three of the primary sources of U.S. Law
include case law, statutory law, and
administrative law.
Case Law, also known as common
law, is the collection of legal
interpretations made by judges
that are law unless revoked by
a new statutory law. An
example in a business
environment, is when a woman
burned herself on a hot cup of
coffee, the company was found
guilty for not warning against
the hot contents, hence
beginning to label cups with
temperature warning labels.
Primary Sources of the
Statutory Law
U.S. Law
Primary Sources of
the U.S. Law
Administrative Law is the collection of
rules and decisions made by
administrative agencies to fill in
particular details missing from
constitutions and statues. This
includes agencies such as
Occupational Safety and Health
Administration (OSHA) and
Environmental Protection Agency
(EPA). OSHA is especially crucial in
running a business due to its tight
regulations on creating a safe and
sanitary work environment.
U.S. Clause
CONCLUSIONS
Works Cited
■ Kubasek, N. K., Browne, M. N., Dhooge, L. J., Herron, D. J., & Barkacs, L. L. (n.d.).
newconnect.mheducation.com. https://newconnect.mheducation.com/.