MGMT 3230 Lecture 1: Lecture 1 May 7 2018

• School: Mount Royal University
• Department: Management
• Course: MGMT 3230
• Professor: lorenzo petrin

Document Summary

Tort of negligence and other torts will be on the midterm. If your property is not protected, you cannot exchange it for currency: the goods and sale only occurs if the law says its property. If the law does not (cid:648)(cid:650)(cid:663)(cid:646) (cid:650)(cid:661) (cid:660)(cid:661)(cid:659)(cid:650)(cid:644)(cid:661) (cid:657)(cid:659)(cid:656)(cid:657)(cid:646)(cid:659)(cid:661)(cid:666) (cid:659)(cid:650)(cid:648)(cid:649)(cid:661)(cid:660) : you want to make sure the product you make is protected by the law. Top three goals of business: money, money, money. I(cid:661) (cid:650)(cid:660) (cid:661)(cid:649)(cid:646) (cid:659)(cid:656)(cid:653)(cid:646) (cid:656)(cid:647) (cid:661)(cid:649)(cid:646) (cid:653)(cid:646)(cid:648)(cid:642)(cid:653) (cid:660)(cid:666)(cid:660)(cid:661)(cid:646)(cid:654) (cid:661)(cid:656) (cid:654)(cid:642)(cid:652)(cid:646) (cid:660)(cid:662)(cid:659)(cid:646) (cid:661)(cid:649)(cid:642)(cid:661) (cid:644)(cid:656)(cid:654)(cid:657)(cid:642)(cid:655)(cid:650)(cid:646)(cid:660) (cid:645)(cid:656)(cid:655)"(cid:661) (cid:650)(cid:655)(cid:651)(cid:662)(cid:659)(cid:646) (cid:657)(cid:646)(cid:656)(cid:657)(cid:653)(cid:646) There is always a risk/reward proposition for business: the worst that could happen in business is bankruptcy, the market wants them to succeed and fail, there is also a legal risk. Lawyers present the case; the winning case becomes the law. Lawyers present their vision of the law, and the winner creates the law: lobbyist: influence people in the government(cid:833)big money, academics: publish papers and research. Take their knowledge and it is introduced as evidence.