Constitutional and Legal Underpinnings of Business Law
Review the Constitution in Appendix A and choose one of the following sections of the U.S. Constitution or a specified amendment to use as the basis for your initial response:
Any of Congress’s enumerated powers under Article I, Section 8
1st Amendment
4th Amendment
5th Amendment
14th Amendment
Identify the section of the Constitution or its amendment that you have chosen. Discuss how this section of the Constitution or its amendments both limit and protect business in general. Describe an example of how the section of the Constitution or its amendment that you have chosen could be applied to your professional life (past, present, or future). In your example, discuss whether the section of the Constitution you have chosen to address limits business or protects it.
Constitutional and Legal Underpinnings of Business Law
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Constitutional and Legal Underpinnings of Business Law
I have selected the 1st Amendment, Article 1, Section 8 of the United States of America (USA) Constitution. Specifically, the Constitution under Section 8 says that Congress has the power to collect duties, taxes, excises, and imposts, and pay debts (“The Constitution of the United States of America,” n.d.). All these should be done uniformly throughout the USA. In particular, the Constitution regulates commerce with foreign countries, several states, and Indian tribes.
Section 8 of the 1st amendment both protects and limits businesses in the USA. On one hand, the Constitution protects all businesses within the country from unfair competition from international companies. As such, Americans can start and grow firms without minding competition from companies outside the USA. On the contrary, Section 8 limits enterprises in the U...
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