There are several functions of law, but only one role. The role of law in society (and likewise in business) is to be the keeper of order and set rules that all individuals are expected to follow, so that there can not only be a consensus on what is right and wrong, but also so there can be a decision on when to punish someone and how to determine whether they have broken the law (…showed first 75 words of 690 total…

…showed last 75 words of 690 total…be able to resolve those disputes that arise. The law also sets the rules of conduct for many transactions so we will know how to avoid disputes. The law thus tries to establish a stable framework to keep society operating as smoothly as possible. References: NetTom. (2004). Session 4 About Law. Retrieved July 28, 2006, from http://law.wsu.edu/kewlcontent/cdoutput/TOM505/page9.ht Nolke, A. (2005). The Evolution of Law in American Society. Retrieved July 27, 2006, from Ebscohost database.