Principles Of Business Law By Robert W. Emerson Essay

Running a company can be very difficult and challenging. There are many rules and ethics that applies in the business world. Most of them can refer to legal terms, confidential activities, and agency, etc. However, one book explains more in-depth about business law called Business Law. The book was published in 2009 (Emerson, 2009). It is also written by an American author named Robert W. Emerson. His book contains a variety of valuable chapters that give details on the principles of business law. The book also provided useful ideas how tort responsibility can be take part of a lawsuit. The most important thing in Emerson’s book is useful details about the nature of business law throughout most of his chapters. In this paper, I will discuss briefly about the topics in chapters fourteen to eighteen. In Emerson’s book, chapter fourteen explains a great deal about the principles of business law. Its main discussion is agency, which means a lawful relationship when someone interacts for someone else (Emerson, 2009). An example of this would be a friend of mine, who works for me at my men’s clothing store. I am known as the owner of the business, while my friend assists me with any tasks that needs to be done. Agency is very common in large companies, and they are important when it comes to building relationship with other people. The reason why is because there is a level of trust and confidence required. If an organization do not feel their agent is not suitable, then they canShow MoreRelatedPioneers in Management4526 Words   |  19 PagesPIONEERS IN MANAGEMENT: 1. Frederick W. Taylor -Father of Scientific Management 2. Elton Mayo - Father of Human Relations 3. Steven Covey - Principle-Centered Leadership 4. Henri Fayol - Father of the 14 Principle of Mgt. 5. Peter Drucker - Father of Management and formulated the Concept of Mgt. by Objectives (MBO) 6. Fritz J. 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