{"id":1046,"date":"2015-05-09T20:34:56","date_gmt":"2015-05-09T20:34:56","guid":{"rendered":"https:\/\/courses.candelalearning.com\/masterybusiness1xngcxmaster\/?post_type=chapter&p=1046"},"modified":"2017-03-31T16:15:38","modified_gmt":"2017-03-31T16:15:38","slug":"why-it-matters-5","status":"publish","type":"chapter","link":"https:\/\/courses.lumenlearning.com\/suny-hccc-introbusiness\/chapter\/why-it-matters-5\/","title":{"raw":"Why It Matters: Legal Environment","rendered":"Why It Matters: Legal Environment"},"content":{"raw":"

Why summarize the role of the legal system in governing and shaping the climate for business?<\/h2>\r\nImagine yourself in the following story: When you were in high school, you sometimes worked for your father, a house painter. Now that you\u2019re in college, you\u2019ve decided to take advantage of that experience to earn some extra money during your summer vacation. You've set yourself up as a house-painting business and hired your college roommate to help you out.\r\n\r\nOne fine summer day, the two of you were\u00a0putting a coat of Misty Meadow acrylic latex on the exterior of a two-story Colonial. You were working on the ground floor around the door of the house while your roommate was\u00a0working from scaffolding over the garage. Looking up, you noticed that\u2014despite several warnings\u2014your roommate had placed his can of paint at his feet rather than having fixed it to the ladder bracing the platform. You\u00a0were\u00a0about to say something yet again, but it was too late: He accidentally kicked the bucket (so to speak), which then bounced off the homeowner\u2019s red sports car, denting the hood, and splattering it with Misty Meadow.\r\n\r\nAs luck would have it, the whole episode was\u00a0witnessed by the homeowner\u2019s neighbor, who approached the scene of the disaster just as your roommate climbed down from the scaffold. \u201cMan, you must be dumber than a bag of hammers,\u201d the neighbor said to your roommate, who\u00a0was\u00a0in no mood for unsolicited opinions\u2014and before you knew\u00a0what was happening, he broke the neighbor\u2019s nose with a single well-placed punch.\r\n\r\nThe homeowner sues you and your roommate for negligence, and the neighbor sues you and your roommate for assault and battery.\r\n\r\nIn this module, we will discuss how our\u00a0legal system shapes the business environment. \u00a0We will explore how legal situations like this and others could\u00a0impact your business. \u00a0Below are the topics we will cover.\r\n

Learning Outcomes<\/h3>\r\n