Yhtomit – The Role and Function of Law in National & Global Business

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The Role and Function of Law in National & Global Business
Purpose of Assignment

Law impacts how business operations perform. With globalization, the law’s impact and corresponding business risks have grown. The student will learn to consider how and when a business risk should be pursued under traditional litigation (lawsuit, answer, and discovery) and where alternative dispute resolution methods are appropriate in both domestic
and international disputes.

Assignment Steps

1.      Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 1, Ch. 2 (pp. 23-32), Ch. 3, Ch. 4 and Ch. 26; sites such as: Public Library of Law, Law Library of Congress, and Justia Virtual Chase law database & https://www.youtube.com/watch?v=L4PXuINdO50&feature=youtu.be 

2.      In a minimum of 1,200 words, excluding title and reference pages, develop an analysis including the following: 

·         Identify & explain the sources of US Law (where do our laws come from)

·         Describe the difference between civil law and criminal law

·         Differentiate the two types of jurisdiction that a federal court must-have before it can hear a case (ie. “subject matter” jurisdiction and “personal jurisdiction”)

·         Identify at least two ways the U.S. legal system affects YOUR specific job/business or industry.

·          Explain the process of a lawsuit (from the start to the end) and then compare how it is different in expense, time, privacy and effectiveness as compared to mediation and then to arbitration.

·         There are many ways to conduct business internationally. They have their pros/cons and risks and rewards. Play the video link https://www.youtube.com/watch?v=L4PXuINdO50&feature=youtu.be and listen to these various ways to do business internationally. Then, in your paper summarize each way and list one advantage and one disadvantage and one way to control the legal risk for each.

3.      Cite a minimum of three scholarly references. One scholarly reference must be from the University Library.

4.      Format your paper consistent with APA guidelines.

Supporting Material:

The Role and Function of Law in Global Business Grading Guide Legal Environment of Business”

·         Ch. 1: Legal Heritage and the Digital Age Legal Environment of Business,

·         Ch. 4: Judicial, Alternative, and E-Dispute Resolution Legal Environment of Business,
Ch. 3: Courts, Jurisdiction, and Administrative Law Legal Environment of

·         Ch. 26: International and World Trade Law Legal Environment
of Business,

·         Ch. 2: Ethics and Social Responsibility of Business Online Video Lecture on International Business Law


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