Sources of Business Laws - 3301 Words

Sources of laws There are primarily two sources of American laws; Legislative source and the Judge or Court Made laws. Legislative sources cover the utilization of the constitution and the various criminal statutes from varied states. The constitution as a source of law is a written instrument and agreed upon by a given state or Union which acts as the guide to the decisions and actions for all the departments within the particular government. These guidelines remain as they are unless they are changed by the authority that instituted them through amendments. The constitution as a source of law has the longest life and is the hardest to amend. The other source of laws are the statutes which are the formal written enactment of the legislative body, be it state, county, federal or even city. These are more specific than the constitution and are enacted by the congress as a solution to major problems that arise with time. The statutes can be criminal statutes or civil statutes in nature and are genera lly easier to amend than the constitution. Regulations are yet another source of laws and are generally meant to implement the policy adopted within a statute. It can be looked at as an order or rule with the legal backing of the government executive authority. Most of these regulations are formed by agencies within the executive branch since they have the expertise in the particular fields in which they are offering the guidelines. The judge or court made law is yetShow MoreRelatedThe Principle Of Marketing : Bus 3305 Essay1599 Words   |  7 PagesCONTENT 1.0 Introduction 2.0 Nature and Sources of Business Law 2.1 The Common Law 2.2. 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