What Are the Main Purpose Of Business Law ?

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What Are the Main Purpose Of Business Law ?
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Business Laws Exist To Create Reliable Standards
For Companies To Follow.
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Business Laws Create Consistent, Predictable
Standards.
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Some Most Important Purpose Are
Predictability
Enforcement
Uniformity
Uniform Commercial Code
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• Enforcement

Provide Enforcement That Allows Contractual
Relationships To Stay Intact.
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• Predictability

Allow People In Business To Enter Into Multiple
Transactions With Certain Protection.
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• Uniformity

When Business Owners Rely On The Same Laws To
Conduct Business, They Need To Know That State
Agencies And Courts Apply The Laws In A Uniform
Fashion.
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• Uniform Commercial Code

Extensiveset Of Law Governing Commercial
Transactions Between U.S. States Territories.
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PPT Based On Data From
Lowell Milken Institute