Assignment task: Business Law
Politicians and other interested parties often debate whether laws regarding businesses should be more or less strict. Arguments include whether laws governing businesses should be more demanding to protect consumers and the public or less severe to allow businesses to function more easily and benefit the economy.
Considering this information, along with what you have learned, please answer the following:
1. What do you think about Business Law, Define business law and provide its purpose.
2. Explain the distinctions between public and private law and how those types of law apply to businesses.
3. Give your opinion on whether businesses should be more or less strictly regulated under the law and state. Also, explain which school of jurisprudence most closely aligns with your opinion. Please know that I am not looking for a "right" or "wrong" answer as far as your opinion is concerned. What I am looking for is a well-thought-out and well-explained opinion. I am more concerned about your ability to explain and defend your position than what your opinion is.