Business Law

Running head : Role of ConstitutionRole of the ConstitutionNameSchoolProfessorCourseRole of the ConstitutionThe Constitution and court-ordered system p set ups a vital role in the whole community which includes the melodic line sector . Being the primeval law of the area the Constitution alloted to all(prenominal) governmental structures different and unique duties and responsibilities . In addition , it also laid down the primary guidelines that each classes of concourse and every individual has to comply in conformity with others . As to product line regulation , the Constitution provided in minute . 8 , Art . I the regulating indicator to the telling . It provides in part , the Congress shall slang power to lay and collect taxes , duties , imposts and excises , to pay the debts and provide for the common defense and world-wide offbeat of the United States but all duties , imposts and excises shall be coherent throughout the United States (US Constitution Online , 2008 . It further provides , Congress have the power to regulate employment with foreign nations , and among the several states , and with the Indian tribes (US Constitution Online , 2008 . In the stated provision , the Constitution minded(p) the Congress with power to impose taxes and regulate the line of reasoning minutes and affairsThe taxing and regulating power of the Congress is based upon the fundamental purpose and role of the demarcation sectors . In the society commerce comprises almost all transactions which includes trading selling , banking , alter , among others . The daily existence of the society almost revolves in business because it is the very source of every person s needs and is considered as the lynchpin of economy . The country is dependent on business or commerce as well . Being the backbone of economy , the Constitution deemed it to be regulated to ensure that the welfare of the public is not at stake .

The regulation power extends to the proscription and penalisation of using commerce for immoral corrupt , or anything that may spread evil or disability in the general public (Find Law for Legal Professionals , 2008 . just , the regulation also extends to ensure fair and healthy disceptation in the business world and avoid monopoly and abuses by hefty and wealthy businessmenThe legal system plays the role of resolving the disputes arising from violations of business codes . The legal system ensures that every party in a business dispute are provided with due process . In addition , it also resolve the legal issues arising from laws and regulations applicable to business . Moreover , the legal system determines the justifiable punishments that should be enforce upon violators Furthermore , the legal system acts as mediator to lift back the harmony that may have been distracted by disputesIn the business world , violations are unavoidable . Some exit always have to resort to doing fraudulent activities to the jeopardy of the people . Few years ago , several scandals of different epic companies were the headlines in prestigious newss . The Rite Aid , for example , has been subjected to legal adjudications because of the accounting frauds (The New York Times , 2008 . Several executive officers of...If you ask to get a full essay, order it on our website: Ordercustompaper.com

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