LAW 122 Chapter Notes - Chapter 1: Liability Insurance, Independent Contractor, Property Insurance
3 Feb 2018
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Chapter 1: risk management and sources of law. Risk management: the process of identifying, evaluating and responding to the possibility of harmful events. There are potential costs associated with nearly every form of behaviour, even doing nothing at all: any choice made will become an informed decision. If an employee accidentally injures a bystander, the bystander can sue the employee and company; companies are vicariously liable for the action of the employees. Civil law: systems trace their history to ancient rome: civil law jurisdiction in canada is quebec, initially borrowed its law from france. Jurisdiction: a geographical area that uses the same set of laws. Common law: systems trace their history to england. Overlapping of different areas of law: single even can trigger more than one set of rules, some situations involve various types of laws. Division of powers: states the areas in which each level of government can act.
