Class Notes (1,017,881)
CA (585,051)
Carleton (19,611)
BUSI (729)
Lecture 2

BUSI 2701 Lecture Notes - Lecture 2: Mineral Rights, Product LiabilityPremium

by
2 pages72 viewsSpring 2018

Department
Business
Course Code
BUSI 2701
Professor
Gilles Le Vasseur
Lecture
2

This preview shows half of the first page. to view the full 2 pages of the document.
Property
A resource over which an indiviual or business hold a legal title
Resources may include:
Land and real estate
Equipment
capital
Mineral rights
Businesses
Intellectual property
Property Rights
Bundle of legal rights over the use to which a resource is put and over the use made of
any income that may be derived from that resource.
Actions against property rights
Private action
Theft
Blackmail
Piracy
Public action and corruption
Bribes
Levying excessive taxation
Requiring expensive or permits from property holders
Product Safety and Product Liability
Product safety laws set safety standards to which products must adhere
You're Reading a Preview

Unlock to view full version

Subscribers Only

Loved by over 2.2 million students

Over 90% improved by at least one letter grade.