Business Laws and Customs in the UK and the U.S.

Paper Summary:

This paper is a careful examination of the similarities and differences in the business and legal climates in the UK and U.S. It discusses how the common law heritage of most of the countries in the United States (Louisiana's law are based largely on the Napoleonic Code) and the United Kingdom ensure a number of similarities in the manifestation of contemporary laws. It points out, however, like the electrical outlets and doorknobs in use in both countries, a sufficient number of differences exist to make direct comparisons between the two nations difficult but interesting. It explains how it has been shown that traditional contract laws in the U.K. and U.S. have both developed rules and principles that control the voluntary assumption of obligations, regulating the performance of obligations so assumed, and providing sanctions for failure to perform. The writer concludes that both countries' cultural traditions are reflective of the respective country's heterogeneity and its central importance in world affairs over the past several centuries.

Outline
Introduction
Review and Discussion
Conclusion

From the Paper:

"The United Kingdom and the United States share a common heritage, language and culture. Even the U.S. Constitution itself was significantly influenced by the political concepts emerging from the U.K. at the time. Today, the two countries are staunch allies in the war on terrorism, and both countries continue to enjoy high levels of trade with each other. Notwithstanding the many commonalities between the two English-speaking nations, a sufficient amount of dissimilarities exist and a better understanding of these differences can provide some insight into how these countries engage in business today."

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