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A snapshot of the summary - The Law and Business Administration in Canada
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1 Law, Society, and Business
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1.1.1 How is Law Defined?
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What are 3 ways Law protects people, property and society as a whole?1. Prohibits bad behaviour
2. Punishes illegal conduct
3. Prescribes rules that allow everyday life to go on -
What are the legal principles that treats all persons equally and even the gov't obeys?Rule of Law
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What is the law that regulates privater persons and groups of private persons?Private law
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The law influences, empowers and controls which 3 things?1. The behaviour of people
2. The actions of government
3. The interaction between individuals -
1.1.2 How is Law Linked to Morals and Ethics
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Why must laws be fair?So society views them as acceptable and voluntarily complies
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What is an optional standard of behaviour that people ought to follow but is not mandatory?Morals and Ethics
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1.1.4 How Does Law Influence Behaviour?
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What is the responsibility for the consequence of breaking the law?Legal liability
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What is less offensive public law misconduct that is still necessary to keep public order?Regulatory or quasi-criminal liability
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What is misconduct that is primarily a private matter?Civil liability
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What are 3 forms of liability lawmakers use to influence individual behaviour?1. Criminal liability
2. Regulatory or quasi-criminal liability
3. Civil liability
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The following topics are covered in this summary
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laws, model, rights
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legal, plan, risk
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code, conduct, association
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gov't, statute, passed
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powers, provincial, federal
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charter, gov't, rights
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court, courts, federal
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regulation, gov't, legal
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tort, ie, harm
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liability, unlimited, duty
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promise, gratuitous, promisor
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goods, term, sample
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firm, partners, partnership
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corporation, shares, capital
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shares, shareholders, shareholder
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corporation, mind, rules