BSEN 395 Lecture Notes - Lecture 1: Sole Proprietorship, Ultra Vires, Judicial Interpretation

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Tort law: injuries to another"s person, property or reputation. Contract law: day-to-day operations of a business. Personal property- something you can touch but is not land. Intellectual property- copyrights and anything that cannot be physically held. Nature of law: law reflects the society we live in, determines the rights and freedoms of individuals and the extent to which privileges may be enjoyed, defi(cid:374)itio(cid:374)s of (cid:862)la(cid:449)(cid:863): O(cid:272)iety"s rules a(cid:374)d pro(cid:272)esses that try to (cid:272)reate fair and predictable outcomes in our relationships. Holmes (famous judges definition)- a statement of circumstances in which the public force will be brought to bear through the courts. Rights are things we can do with impunity. Others have a duty not to interfere with our rights i. e. freedom of speech. Privilege we earn a privilege under certain circumstances and if improperly exercised it can be taken away by the state (cid:894)i. e. dri(cid:448)er"s li(cid:272)e(cid:374)se(cid:895)

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