Business Law And Ethics Assignment: Importance of Legal System
In 350 B.C., Aristotle said, the rule of law is better than the rule of any individual. In our legal system, the law is a system of rules and regulations, enforced by government, primarily through the judicial and executive branches.
Use the textbook, the Argosy University online library resources, and the Internet to conduct research on the role of law in business. Based on your research, answer the following questions:
• To what extent can our legal system ensure order and stability in society and particularly, in the business world?
• Give a recent example from your research concerning any alleged failure of the legal system that led to instability in business and society.
• How would you explain the importance of stability and predictability in our legal system in the context of the recent problems in the financial services industry (e.g. "sub-prime mortgages", Bernie Madoff)?
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also include a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also Include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.