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BUSI 2301 Business Law Assessment Answer

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Various Facets of Business Law in the BUSI 2301 Course Module

Panola College, a public community learning institute in Carthage, Texas, offers degree and doctoral programs in various disciplines. The BUSI2301 course deals with the various nuances of business law.

Business law's aims and duties include preserving order, safeguarding individual rights and freedoms, creating standards, and settling disputes involving businesses and their relationships with persons, government agencies, and other enterprises.

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Purposes of Business Law

BUSI 2301 Business Law course module highlights the following aspects:

  • Establishing standards for behaviors acceptable in society and which are not.
  • Adhering to certain orders is crucial for a civilized society.
  • Resolving conflicts enables the mediation that emerges between individuals who have divergent desires, needs, perspectives, and values.
  • Protecting liberties and rights guarantees that each individual has access to their constitutional rights, such as freedom of expression.

Business Law Background

This practice area encompasses the regulations and statutes governing individuals, businesses, and families in their capacities as employees, citizens, and customers. Business law norms include the requirement of compliance with foreign laws, the differentiation of unethical and legal behavior, and the establishment of social responsibility as a pillar of global citizenship. Go through some BUSI2301 assessment answers to get a concrete idea regarding this aspect.

Functions of Business Law

Now, let’s have a look at the primary functions of business laws as stated in BUSI 2301- Business Law Description:

  1. Fundamental legal concepts such as ethics, court structure, procedural law, and substantive law are necessary.
  2. Contract law encompasses drafting, assignment of rights, the delegation of work, breach of contract, agreements, transactions, and breach-related remedies. The Uniform Commercial Code (UCC) is a body of law that governs sales contracts.
  3. Intellectual property law (IP), which includes trademarks and patents, protects your ideas and creations from exploitation by others.
  4. Corporate law regulates the formation of businesses and the sale of corporate stock.
  5. Tax law establishes the tax treatment of various types of businesses.
  6. Employment law regulates employers' interactions with employees, each employee's rights and responsibilities, minimum wage laws, workplace safety, and overtime regulations.
  7. Environmental law seeks to lessen enterprises' influence on the environment by regulating water and air pollution, pesticide and chemical use, and enforcing these rules.
  8. Real and Personal property is governed by property law.
  9. The law of negotiable instruments includes the administration of secured transactions and bankruptcy.

After reading the above sections, you can understand that handling a business law assignment all by yourself isn't a matter of joke. The experts at Assignmenthelp.us come from a business law background whose BUSI 2301 task answers can help you attain higher grades.

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