Law, including business law, is an essential and intriguing system that establishes rules and guidelines to govern behavior within a society. It contains various norms designed to maintain order, protect individual rights, and support justice, and it is also indispensable for any businessperson. In the United States, law derives from several primary sources: the Constitution, the Statutes, the Regulations, Common Law, and Court Orders. At the highest level is the Constitution, the supreme law of the land, which provides foundational principles and frameworks that govern the relationships between the federal and state governments and protect citizen rights. The US Constitution, adopted in 1787, embodies the nation's core democratic values and has been a super important reference point throughout history. No individual state (and former President...) can enact laws that violate the federal Constitution! Statutes are laws enacted by legislative bodies, including Congress at the federal level and state legislatures. These laws are written and formalized to address specific issues or areas of public policy. Regulations are administrative agencies' legislatures created for specific purposes to implement further and enforce laws. One is the EPA (Environmental Protection Agency), which enforces federal environmental law. Another is the IRS (Internal Revenue Service), our dear friend... Common Law is the judicial interpretation of statutes and regulations. When disputes arise