What is one way the U.S. legal system impacts U.S. businesses? How do specific aspects of the U.S. legal system contribute to furthering commerce? What would happen if that characteristic were not present in the legal system?
The legal system plays an important part in the development in which businesses operate. Laws determine obligations of employers to employees, as well as employees to employer. These laws also provide the same obligations to customers also. Laws help to protect contracts that drawn and created that affects suppliers, distributors and any other contracts that are between a business and another source provides services to the businesses or businesses providing services to others. The legal systems helps to provide protection in the financial aspects of the business, from shareholders to the taxes that must be paid as well as other major financial records that need to be addressed on a regular basis.
The legal systems help to further commerce by enacting laws that govern around the partied involved. Laws vary from one state to another, as well as from one country to another. This promotes further commerce through variances of the different laws which can benefit one business to another.
If there were no public courts the probable result would be a steadfast. Without a legal system the world would not have a common ground and things would just be a total mess and people would form ethical decisions. Laws help to teach the rights and wrongs even we do not always agree with them. Laws also help the people have a fighting chance in the democracy that is present at every corner we turn or face.