Business law and ethics covers a broad scope of legal concepts and business standards both locally and globally, including such things as contract formation and remedies; employment relationships; product warranties and tort liabilities; government regulation and international business treaties.
Review the patio awning scenario described earlier in this module. Think of any personal or business experience you have had where you discovered prior knowledge of the law would have been helpful.
Answer the following questions in your discussion:
• Briefly describe the problem or issue. Explain what law was involved and how you became aware of it. Take care not to give confidential information.
• How did you handle the situation? How would you have handled it differently if you had known more about the law in advance of the situation?
Do you feel you know more now than you did then about the law generally? Why do you think so?