Business Law and ethics

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Table of contents

Introduction .3-5

Law and Ethics in Industries .5-6

Child labour in Industries .7-9

Conclusion .9-10

Bibliography .11-12

INTRODUCTION

Law can be used to describe a body of rules of conduct inherent in human nature and is essential to or building upon human society (Oxford Dictionary . The rules and principles governing the affairs of a community are enforced by a political authority or a legal system . Every civilised society has laws that dictate a society 's ability

to function Business law relates to these `Laws ' involving the business and commercial components of society and allows business to function (Malllor et .al 2004

Business law deals with issues of public as well as private law . It regulates agreement between portion parties hiring practice and the manufacture sales of consumer goods .In criminal matters the states prosecutes the defendant before a magistrate , or a judge in court . In criminal liability the basic assumption is that there is both a mental element and a physical element to the offence . The burden of proof for criminal offences is beyond reasonable doubt . The penalties for criminal offences are fines and imprisonment as well as other non-custodial punishments . In civil liability it gives the person rights to obtain redress from another person e .g . the ability to sue for damages for personal injury . The actual person should have suffered the actual injury . The actual person should have suffered the actual injury or loss . The probability burden of proof is the balance of probability which is much lower than for criminal matters . If there has been a relevant criminal conviction in a particular matters than the burden of proof in any related civil action is revered so the dependent has to prove he is not liable e .g . conviction of a company for preach of health and safety registration followed by the injured employee suing the company for damages for personal injury . In this case the loosing party will pay the winners costs

Liability on the other hand in good terms refers to the state of being loyalty obliged and accountable . Its broadest legal sense it may refer to the , obligation by which a person may be under by reason of law . It also refers to the obligation of a person or institution to provide damage compensation for damage it is deemed to be responsible Historically liability has been defined using the common laws and statutory laws . This is in contrast to Responsibility , accountability and blame . Blame refers to holding one responsible for or accountable for to find faults with a person . The faults may be real imagined or merely invented for pejorative purpose organization can apply censure and demotion to managers and leaders who do not take full responsibility of their actions and blame them for misconduct . Responsibility and accountability on the other hand are two word used interchangeably thought they might not mean the same (Zdanis , 2007 . Responsibility can be shared while accountability cannot be shared . Responsibility is...