Law



Law

Introduction

The following case refers to Mrs. Cipollone she was 58 when she died from the lung cancer. She smoked throughout her life for 42 years. Before dying Mrs. Cipollone and her husband filed a suit on several cigarette and tobacco manufacturers. They filed the case in a federal court. They said that nicotine was added in the cigarette that causes cancer and other deadly diseases. The case refers to laws related to the business and its impact on society. The accuser acclaimed that the tobacco industry should bring safe cigarettes for the society and environment.

Discussion

This assignment focuses on importance of Law in businesses and society. This case relates to how the business affects Mrs. Cipollone negatively. Corporate law in surround of regulated, legal relations can be compared to business law. However, the depth of development, corporate law is next step in evolution of business law that is a new round of development.

Business/ Corporate Law

Corporate law is the branch of law regulating the business companies, one of its main branches commercial laws. Commercial law is the branch of law which regulates and studies the activity commercial enterprises. Why we must place on record that when defining these two branches of law are quite similar, which is to be noted that in the definition cannot find the difference but when studying the branches including corporate law and in any case first appears commercial law and then just see the right business (Lessig, 1999).

Functions and Role of Law in Business and Society

Law is a legal system of certain and rules and regulations enforced by institutions. Law has an impact on the political, economic and social aspects of life. It serves itself as a common intermediary among people. There are various types of law such as contract law (buying a bus ticket or shares); ...