Discuss how law is relevant to business using your text and the Internet to: Identify and discuss at least two fundamental concepts and principles of the American legal system, particularly those pertaining to today's business environment. Define ethics and evaluate how the law you have read in the first 2 chapters is based on ethical principles. Do you feel that corporate ethics, by and large, have worsened in recent years, or is it that these "bad guys" are made more visible by the media. Or is it the magnitude of the ethics violations. Thoughts class as it applies to what you think of ethics and business