‘The UCC was enacted to harmonize laws in all 50 states of US; whereas, Common
Law deals with several aspects like real estate, service, insurance, intangible assets
etc. we were comfortable with concepts like business ethics, values management,
corporate social responsibility ete.
However, we had difficulties in understanding concepts like securities market
securities regulation, criminal law procedure, modern criminal laws etc
We found that the concepts related to business, societal, and ethical contexts of law
very relevant to our professional as well as the personal life. We also believe that,
every professional need to be aware of the concepts of business ethics and
corporate social responsibility. Additionally, we would like state that the case
examples given in the chapters are very useful in understanding the concepts. We
could related to the law postulated through the case examples.