LAW 529 Lecture Notes - Lecture 1: Market Failure, Unemployment Benefits, Ross Case

• School: Ryerson University
• Department: Law and Business
• Course: LAW 529
• Professor: Tim Bartkiw

Document Summary

Policy rationales: we do(cid:374)"t (cid:271)elie(cid:448)e that the (cid:373)a(cid:396)ket, theo(cid:396)eti(cid:272)all(cid:455), p(cid:396)odu(cid:272)es fai(cid:396)(cid:374)ess. We a(cid:396)e intervening in the market to stop bad outcomes and create rules for equal rights. We do not believe competition and the market alone produce favorable outcomes. We want competition and capitalism within limits: we see thi(cid:374)gs (cid:449)e do(cid:374)"t like a(cid:374)d i(cid:373)ple(cid:373)e(cid:374)t poli(cid:272)(cid:455) rationales through legislation. People file complaints, gets heard, and there is a decision. The (cid:862)co(cid:373)(cid:373)o(cid:374) la(cid:449) regi(cid:373)e(cid:863: two main branches (bodies of legal principles) for employment, contract law, employment relationship see(cid:374) as a (cid:862)(cid:272)o(cid:374)t(cid:396)a(cid:272)t(cid:863, offer and acceptance, meeting of the minds, consideration. An employment contract may be written or oral: common law: a system of judge-made rules originating in england around the 12th century, and inherited by canada as a british colony, that uses a precedent-based approach to case law. Earlier decisions dealing with similar facts or legal issues guide later decisions in an attempt to create legal predictability.