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BUS2210 Elon: The Legal and Ethical Environment of Business (Benson - FALL 2023)
Elon University - Custom Textbook - 2023-24 Academic Year

v2.0.20 Don Mayer, Daniel Warner, George Siedel, and Jethro K. Lieberman

Chapter 1 Introduction to Legal Systems and the Rule of Law

Rule of law

Learning Objectives

After completing this introductory chapter, you should be able to: 

  1. Understand the concept of the “Rule of Law”

  2. Consider the distinctions and overlaps between law and ethics

  3. Distinguish different philosophies of law—schools of legal thought—and explain their relevance.

  4. Identify the various aims that a functioning legal system can serve, especially in a democratic society.

  5. Explain how politics and law are inter-related.

  6. Identify the sources of law and which laws have priority over other laws in the US legal system.

  7. Understand some basic differences between the US legal system and other legal systems around the world.

Law has different meanings as well as different functions. Philosophers have considered issues of justice and law for centuries, and several different approaches, or schools of legal thought, have emerged. In this chapter, we will look at those different meanings and approaches and will consider how social and political dynamics interact with the ideas that animate the various schools of legal thought. We will also look at typical sources of “positive law” in the United States and how some of those sources have priority over others, and we will set out some basic differences between the US legal system and other legal systems.