The law is more than the sum of its parts. The legal system has evolved with society to reflect changes in our morals and ethics, technology, culture, and economy. These changes in the law have been manifested in the juris prudence, and statutes and legislation that are the infrastructure of the system. Legal disputes can be very complex and in order to understand the legal system we must learn about its history and evolution, and the theories that are the foundation of its principles.
Law provides the rules for all business arrangements.
When parties enter into a contract, the rule of law offers a level of reliability and predictability in their business dealings. In this course you will receive an overview of the role of law in society, particularly, its importance in the regulation of business. The majority of business transactions are conducted without legal difficulties but problems do arise from time to time. This introduction to business law outlines the processes that parties will be required to employ should a dispute arise, and describes how the dispute moves through the system. When you complete this course you should be able to identify potential difficulties in your business dealings and be able to consider remedies for them before they become larger problems.