BUSI 4000 Lecture Notes - Lecture 1: Business Ethics, Edmonton Journal, Corporate Law

• School: Memorial University
• Department: Business Administration
• Course: BUSI 4000
• Professor: Beth Mc Grath

Document Summary

Knowledge of the law helps entrepreneurs: maximize protection, avoid pitfalls. A set of established rules governing commercial relationships. How is law useful in the business env. Provides mechanisms that permit people to manage participation in business activities & exposure to risk in business ventures. Provides mechanisms to ensure losses are borne by those who are responsible for them. Most familiar purpose is to provide protection. Those who violate the criminal code of canada i. e. (cid:271)(cid:396)eaki(cid:374)g i(cid:374)to a(cid:374)othe(cid:396) pe(cid:396)so(cid:374)"s house are subject to criminal sanctions (fines or imprisonment) How does business law protect intangible property such as ideas and inventions? (cid:862)a(cid:374)g(cid:396)y judge sla(cid:373)s (cid:272)hai(cid:374) fo(cid:396) fake la(cid:271)els o(cid:374) goods(cid:863: gordon kent, the edmonton journal (31 december 2004, at a1, a14) Personal information protection and electronic documents act (pipeda) Busi(cid:374)esses a(cid:396)e (cid:396)e(cid:395)ui(cid:396)ed to ade(cid:395)uately p(cid:396)ote(cid:272)t thei(cid:396) (cid:272)usto(cid:373)e(cid:396)s" pe(cid:396)so(cid:374)al i(cid:374)fo(cid:396)(cid:373)atio(cid:374) o(cid:396) (cid:271)e subject to fines of up to ,000.