AFM231 Lecture Notes - Lecture 1: Neutral Party, Debt Management Plan
10 Jun 2017
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Document Summary
Afm 231 chapter one: knowledge of law as a business asset. Chapter one: knowledge of law as a business asset. Spam unsolicited e-mail advertising a product or service. Participation and exposure to risk in business ventures: seeks to ensure losses are borne by those responsible, facilitates planning by ensuring compliance with commitments. Rules and principles: law set of rules and principles guiding conduct in society. By protecting persons and their property, facilitating personal and commercial interactions, and providing mechanisms for dispute resolution. Protecting persons and their property: law protects people in two ways. Seeks to make those who break the law accountable for misconduct: law protects business -> sets penalties and ensures accountability, breach of contract failure to comply with a contractual promise. Facilitating interactions: contract law rules that make agreements binding. Law functions to prevent disputes and facilitate relationships provides more certainty in a contractual agreement. No contract can recite and provide for all contingencies some issues left unstated.
