GMGT 3300 Chapter 1: Commercial Law Textbook Topic 1

• School: University of Manitoba
• Department: General Management
• Course: GMGT 3300
• Professor: Ian A.Restall

Document Summary

Law: a set of rules come together with a set of sanctions for those who don"t follow, a code of behaviour, help keep the order. What is civil law: has 2 different meanings, it depends on the context 1. Refers to private law (see notes on substantive and procedural law) 2. System of law (see notes on civil law system) Procedural law is the law that deals with protection and enforcement of substantive law rights and duties. (e. g. someone breaches a contract what is the process?) What is common law: has three possible meanings 1. Common law system of law (what the majority of canada uses. ) Law based primarily on the decisions of judges 2. Common law case law (the law made by judges) state laws laws made by legislatures. Statute/act is the legislation made in the gov"t 3. Making a distinction between common law and law of equity.