Question 2 - Focusing on the fundamental principles of business law and providing examples, discuss the Constitutional basis of American law as the authority under which businesses must operate. Specifically, what do you think: Is viewing a corporation as a “person” with Constitutional rights and responsibilities a benefit or a detriment to the corporation? Is it a benefit or a detriment to society? Defend each conclusion with contemporary examples from your own experience or the general business arena.
These solutions may offer step-by-step problem-solving explanations or good writing examples that include modern styles of formatting and construction of bibliographies out of text citations and references. Students may use these solutions for personal skill-building and practice. Unethical use is strictly forbidden.1. Dispute resolution can be done mainly through the methods of mediation, arbitration and litigation. Of this, litigation is the most expensive and time-consuming process since it is based on the decision of the Court. Mediation and arbitration are not as expensive and lengthy as litigation since a third party listens to the disputing sides and gives a decision. Decision has to be implemented in case of arbitration and it is optional with case of mediation. Normally, businesses try to use mediation and arbitration before they go for litigation....
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