In 350 B.C., Aristotle said, the rule of law is better than the rule of any individual. See Aristotle, Politics, Book 3-Chapter 16. 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 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)?
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Kindly xxxxxxxx xxxx and xxxxxx accordingly.Please xxxxx x xxxxxx
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Surname xxx xxxx \* xxxxxxxxxxx xxxxxxxxx
xx xxxx extent xxx our legal system ensure order and stability in xxxxxxx xxx xxxxxxxxxxxxx xx the xxxxxxxx xxxxxxx
The legal system xxx play x xxxx xxxx in xxxxxxxx that xxxxx is xxxxxxxxx and xxxxx xx the society xxx xx the world xx xxxxxxxxx Legal systems xxx xxxxxxx and xxxxxxxxxxxxx xxxxx enforces xxx xxxxx xxx absence of a xxxxx xxxxxx means that people xxxx xxxxxxxxxx xxxxxxxxx xx xxxxxxxx xxxxx xxxxxxxx A legal xxxxxx xxxxxxx that xxx laws xxxxxxx xxx xxxxxxxx xxxxxxx to by the xxxxxxxxx xxxx xxxxxxxx citizen’x conduct xxx xxxxxx xxxxxxxxxx xxx xxxxxxxxxxxx The xxxxx system xxxxxx xxx xxx and xxxxxxxx xx in x xxxxxx xxxxxxxxxx xxxxxxxxxxxx However, predictability xxxxxxxxx xx not x guarantee xxx xxxxxxxx in a xxxxx system. To xxxxxxx fairness x xxxxx system must xxxxxxxxx xxxxx xxxxxxxxx xx xxx xxxxxx and businesses. Additionally, xxx cannot be relied xxxx to be xxxxxxxx enough in maintain
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