Chapter

A.2. Understanding the Legal Environment

From IntroductionToBusiness OP 8D04gAa

Concepts

1. How does the legal system govern business activities?

   "Our legal system affects everyone who lives and does business in the United States. The smooth functioning of society depends on the law, which protects the rights of people and businesses. The purpo

2. How do courts and administrative agencies settle legal disputes?

   "The United States has a highly developed court system. This branch of government, the judiciary, is responsible for settling disputes by applying and interpreting points of law. Although court decisi

3. What alternatives can businesses use instead of going to court?

   "Settling disputes by going to court is both expensive and time-consuming. Even if the case is settled prior to the actual trial, sizable legal expenses can be incurred in preparing for trial. Therefo