SOC 3490 Lecture Notes - Lecture 3: Tim Hortons, Taxicab, False Advertising
3 Feb 2017
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The corporation as an invisible friend (of capitalists) Each person has a different view of corporations. Emotions attached to some, take on life of their own, create image: ex. Tim hortons is canadian, hockey, proud: e(cid:454). Wo(cid:374)"t (cid:271)u(cid:455) volks(cid:449)age(cid:374) (cid:271)e(cid:272)ause the(cid:455) lied to (cid:272)o(cid:374)su(cid:373)ers, distrustful. They are constructs and evolves itself over periods of time: not actual things just an idea, a concept, have to be created through a legal system. Acts as protection from law when things go bad. Some corporations (e. g. , air canada) have come into and come out of bankruptcy multiple times. Persons before the law: have people represent them before a court of law, corporations can sue people or other corporations, or be sued, one company sued for freedom of expression. Separate entity from people: wo(cid:374)"t (cid:862)die(cid:863) si(cid:373)pl(cid:455) (cid:271)e(cid:272)ause the people (cid:271)ehi(cid:374)d it ha(cid:448)e died. Legal personality: built to (cid:862)ha(cid:448)e (cid:272)hildre(cid:374),(cid:863) parent company, can have subsidiaries multinational.
